Module 3 Review
Quiz by Suzanne Roberts
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9 questions
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- Q1An amount of money multiplied by the interest rate and the amount no time that the money will be earning interest.Time value of moneyFuture valueOpportunity costsInflation risk30s
- Q2While individuals make goals and strategies based on their current income, few individuals have guarantees that their income will stay the same.Personal risksIncome risksInflation riskInterest rate risks30s
- Q3Prices on an item or service may rise or fall.Income risksPersonal risksInflation riskInterest rate risks30s
- Q4When we borrow money in the form of a loan or save money, interest rates will affect these activities.Income risksInterest rate risksInflation riskPersonal risks30s
- Q5The things that you give up when you make a choice.Opportunity costsFuture valuePersonal risksInflation risk30s
- Q6The process of creating and achieving financial goals.Future valuePersonal financial planningOpportunity costsTime value of money30s
- Q7Individuals may encounter situations due to health, safety, and so on that can create challenges to meeting personal financial goals.Inflation riskOpportunity costsPersonal risksInterest rate risks30s
- Q8Involves having two or more people negotiate or compromise to make financial decisions.Personal financial planningPersonal risksShared decision-making30s
- Q9Refers to the increases in an amount of money because of the interest earned on the money.Interest rate risksOpportunity costsFuture valueTime value of money30s