Objective 1.01 (PF)

Description

Money in Your Life
Tara McDonald
Quiz by Tara McDonald, updated more than 1 year ago
Tara McDonald
Created by Tara McDonald over 5 years ago
162
0

Resource summary

Question 1

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

Question 2

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

Question 3

Question
Which statement about our interactions with money is NOT considered to be true?
Answer
  • 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.

Question 4

Question
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?
Answer
  • 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

Question 5

Question
Where does a high well-being come from?
Answer
  • Feeling good about your life and your decisions
  • Failing a test
  • Filing for bankruptcy when you can't pay your bills
  • Getting a divorce

Question 6

Question
Which of the following would NOT be an example of a person's social well-being?
Answer
  • 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
Show full summary Hide full summary

Similar

What's Your Credit Score IQ?
christinedigangi
USING MONEY ABROAD AND FOREIGN EXCHANGE CALCULATIONS
Alan Stone
Personal Finance Unit 1, Topic 8
s1500718
Personal Finance commerce
ameliajaneee
Personal Finance Quiz
s1500288
Topic 1
s1501714
Personal Finance Topic 4
s1500718
Personal finance Unit 1 topics 7 and 8
s1500718
Objective 1.02 and 1.03 (PF)
Tara McDonald
The sources of money
s1500718