Personal Finance Study Set 15

Business

Quiz 3 :

Money Management Strategy: Financial Statements and Budgeting

Quiz 3 :

Money Management Strategy: Financial Statements and Budgeting

Question Type
search
arrow
In order to calculate a person's savings ratio,the amount saved each month is divided by net income.
Free
True False
Answer:

Answer:

False

Tags
Choose question tag
close menu
arrow
WiseBanyan is an innovative website that offers a free financial advisor that suggests and manages investments for your financial goals.
Free
True False
Answer:

Answer:

True

Tags
Choose question tag
close menu
arrow
Which category of a home file includes stock and bond purchase documents?
Free
Multiple Choice
Answer:

Answer:

A

Tags
Choose question tag
close menu
arrow
A budget is a spending plan that outlines how you will spend available income.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Which of the following would be organized as a personal and employment record in a home file?
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Which of the following financial documents would most likely be stored in a safe-deposit box?
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Furniture,jewelry,and an automobile are examples of liquid assets.
True False
Answer:
Tags
Choose question tag
close menu
arrow
A home file should be used for:
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Take-home pay is a person's earnings after deductions for taxes and other items.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Which of the following are considered to be personal financial statements?
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Financial payments that do not vary from month to month are referred to as variable expenses.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Money management refers to long-term investment decisions.
True False
Answer:
Tags
Choose question tag
close menu
arrow
For many years,the United States has ranked highest among industrial nations in savings rate.
True False
Answer:
Tags
Choose question tag
close menu
arrow
A person's net worth is the difference between the value of the items owned and the amounts owed to others.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Opportunity costs refer to:
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Insolvency occurs when liabilities far exceed available assets.
True False
Answer:
Tags
Choose question tag
close menu
arrow
A personal balance sheet reports your personal income and expenditures.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Discretionary income is money left over after paying for housing,food,and other necessities.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Opportunity costs are only associated with money management decisions involving long-term financial security.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Warranties are commonly kept with ________ purchase and automobile records in a home file.
Multiple Choice
Answer:
Tags
Choose question tag
close menu
Showing 1 - 20 of 113