Tara McDonald
Quiz by , created more than 1 year ago

Money in Your Life

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Tara McDonald
Created by Tara McDonald over 5 years ago
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Objective 1.01 (PF)

Question 1 of 6

1

Mark is wondering how he can improve his intellectual well-being. Which would contribute the most to his intellectual well-being?

Select one of the following:

  • Go to the gym three times a week

  • Challenging himself by taking a class to get certified at work

  • Attending church

  • Taking a trip to Hawaii

Explanation

Question 2 of 6

1

Blake wants to do something that will improve his overall well-being. Which activity would help him be most satisfied?

Select one of the following:

  • An activity his friends like but that he doesn't really care about

  • An activity that's free

  • An activity that his teacher wants him to do

  • An activity that makes him lose track of time (watch a movie, play a video game, go shopping...)

Explanation

Question 3 of 6

1

Which statement about our interactions with money is NOT considered to be true?

Select one of the following:

  • Save some, spend some, and you'll always have some.

  • Your present self impacts your future self.

  • You are better off in a community than by yourself.

  • Investing money increases your risk and reduces your ability to cope with risk and uncertainty.

Explanation

Question 4 of 6

1

Jonathan is studying financial planning in his Personal Finance class. Ms. McDonald has assigned him to create a timeline of his financial future. Where should the END of his financial planning timeline be set?

Select one of the following:

  • When he establishes his financial goals

  • Never – financial planning goes on and on throughout his life

  • When his money management plan has given him a high well-being

  • When he is 70 years old and doing his estate planning

Explanation

Question 5 of 6

1

Where does a high well-being come from?

Select one of the following:

  • Feeling good about your life and your decisions

  • Failing a test

  • Filing for bankruptcy when you can't pay your bills

  • Getting a divorce

Explanation

Question 6 of 6

1

Which of the following would NOT be an example of a person's social well-being?

Select one of the following:

  • Going to a party with friends

  • Taking a vacation with your family

  • Creating a personal budget

  • Participating in a classroom discussion sharing your ideas and listening to others

Explanation