Money in your life, fool proof module 1 &
making financial decisions
Native advertisers are required to show all sides of an issue in articles they publish. - ✔✔False
Which of the following statements about our interactions with money is NOT considered to be true?
a. Investment increases risk and reduces your ability to cope with risk and uncertainty.
b. You are responsible for your present self and your future self.
c. Your present self-impacts your future self.
d. You are better off in a community than by yourself. - ✔✔Investment increases risk and reduces your
ability to cope with risk and uncertainty.
Managing money in ways that build a sense of competence, understanding, and control. - ✔✔financial
well-being
What answer best describes a Nigerian scam?
A. You host a Nigerian exchange student for a semester.
B. The scammers always contact you by telephone
C. The scammers want you to fly to Nigeria
D. The scammers nearly always want you to send money back to them. - ✔✔The scammers nearly
always want you to send money back to them.
Carter wants to participate in an activity that will improve his well-being. Which of the following
activities would contribute the least to his well-being?
a. An activity his friends like to participate in.
b. An activity that doesn't cost much money.
, c. An activity that his teacher suggested to him.
d. An activity that makes him lose track of time. - ✔✔An activity that makes him lose track of time.
If you mismanage your checking account by bouncing checks repeatedly or ignoring overdraft notices,
which of the following results may happen to you? [Tricky question: read all answers.]
A. You will be charged a penalty fee for a "returned" (bounced) check.
B. You may pay higher rents or interest rates because of your poor credit history.
C. If you aren't aware of your "negative balance" and don't put more funds in your account you bounce
more checks and receive more penalty fees.
D. All of the above. - ✔✔D. All of the above.
Jenna wants to improve her financial well-being. Which of the following would contribute the most to
her financial well-being?
a. Take a personal finance class to learn how to manage her money.
b. Pay her grandma back the money she borrowed to take a school trip last year.
c. Talk to her friends about how to manage her money better.
d. Open another checking account to help her organize her money. - ✔✔a. Take a personal finance class
to learn how to manage her money.
Examples of activities that benefit this type of well-being include: feeling a sense of worth and purpose,
developing strategies to create a healthy outlook on life. - ✔✔emotional well-being
Jacob is wondering how he can improve his intellectual well-being. Which of the following would
contribute the most to his intellectual well-being?
a. Challenge himself by taking on a new project at work.
b. Take a vacation from work.
c. Join a local service organization.
making financial decisions
Native advertisers are required to show all sides of an issue in articles they publish. - ✔✔False
Which of the following statements about our interactions with money is NOT considered to be true?
a. Investment increases risk and reduces your ability to cope with risk and uncertainty.
b. You are responsible for your present self and your future self.
c. Your present self-impacts your future self.
d. You are better off in a community than by yourself. - ✔✔Investment increases risk and reduces your
ability to cope with risk and uncertainty.
Managing money in ways that build a sense of competence, understanding, and control. - ✔✔financial
well-being
What answer best describes a Nigerian scam?
A. You host a Nigerian exchange student for a semester.
B. The scammers always contact you by telephone
C. The scammers want you to fly to Nigeria
D. The scammers nearly always want you to send money back to them. - ✔✔The scammers nearly
always want you to send money back to them.
Carter wants to participate in an activity that will improve his well-being. Which of the following
activities would contribute the least to his well-being?
a. An activity his friends like to participate in.
b. An activity that doesn't cost much money.
, c. An activity that his teacher suggested to him.
d. An activity that makes him lose track of time. - ✔✔An activity that makes him lose track of time.
If you mismanage your checking account by bouncing checks repeatedly or ignoring overdraft notices,
which of the following results may happen to you? [Tricky question: read all answers.]
A. You will be charged a penalty fee for a "returned" (bounced) check.
B. You may pay higher rents or interest rates because of your poor credit history.
C. If you aren't aware of your "negative balance" and don't put more funds in your account you bounce
more checks and receive more penalty fees.
D. All of the above. - ✔✔D. All of the above.
Jenna wants to improve her financial well-being. Which of the following would contribute the most to
her financial well-being?
a. Take a personal finance class to learn how to manage her money.
b. Pay her grandma back the money she borrowed to take a school trip last year.
c. Talk to her friends about how to manage her money better.
d. Open another checking account to help her organize her money. - ✔✔a. Take a personal finance class
to learn how to manage her money.
Examples of activities that benefit this type of well-being include: feeling a sense of worth and purpose,
developing strategies to create a healthy outlook on life. - ✔✔emotional well-being
Jacob is wondering how he can improve his intellectual well-being. Which of the following would
contribute the most to his intellectual well-being?
a. Challenge himself by taking on a new project at work.
b. Take a vacation from work.
c. Join a local service organization.
