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Module 3 Review

Quiz by Suzanne Roberts

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9 questions
Show answers
  • Q1
    An amount of money multiplied by the interest rate and the amount no time that the money will be earning interest.
    Time value of money
    Future value
    Opportunity costs
    Inflation risk
    30s
    Edit
    Delete
  • Q2
    While individuals make goals and strategies based on their current income, few individuals have guarantees that their income will stay the same.
    Personal risks
    Income risks
    Inflation risk
    Interest rate risks
    30s
    Edit
    Delete
  • Q3
    Prices on an item or service may rise or fall.
    Income risks
    Personal risks
    Inflation risk
    Interest rate risks
    30s
    Edit
    Delete
  • Q4
    When we borrow money in the form of a loan or save money, interest rates will affect these activities.
    Income risks
    Interest rate risks
    Inflation risk
    Personal risks
    30s
    Edit
    Delete
  • Q5
    The things that you give up when you make a choice.
    Opportunity costs
    Future value
    Personal risks
    Inflation risk
    30s
    Edit
    Delete
  • Q6
    The process of creating and achieving financial goals.
    Future value
    Personal financial planning
    Opportunity costs
    Time value of money
    30s
    Edit
    Delete
  • Q7
    Individuals may encounter situations due to health, safety, and so on that can create challenges to meeting personal financial goals.
    Inflation risk
    Opportunity costs
    Personal risks
    Interest rate risks
    30s
    Edit
    Delete
  • Q8
    Involves having two or more people negotiate or compromise to make financial decisions.
    Personal financial planning
    Personal risks
    Shared decision-making
    30s
    Edit
    Delete
  • Q9
    Refers to the increases in an amount of money because of the interest earned on the money.
    Interest rate risks
    Opportunity costs
    Future value
    Time value of money
    30s
    Edit
    Delete

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