Name: Score:
39 Multiple choice questions
Definition 1 of 39
Credit is marketed so well that we desire to have it while completely dismissing the fact that
interest rates and fees continue to destroy our financial well-being.
Most Americans today are wealthy and will have financial security when they retire.
Which of the following statements best describe how Americans are being outsmarted
by banks and other lenders?
The credit system today is structured to accommodate a state of uncertain employment
and income instability, utilizing high interest rates and fees to turn huge profits.
Expensive houses and new cars are a true indication of wealth.
Definition 2 of 39
behavior
The knowledge and skill set necessary to be an informed consumer and manage
finances effectively
Most Americans today are wealthy and will have financial security when they retire.
Whent it comes to managing money, success is about __% knowledge and __% behavior.
When it comes to personal finance, the math is easy. What's challenging is managing
your
, Term 3 of 39
Which of the following best explains why students should learn about personal finance?
Ignoring personal finance can lead to better investment opportunities later.
Learning to manage money at this stage can eliminate financial mistakes and promote
huge financial benefits for the future.
Personal finance education is only necessary for those who want to be wealthy.
Students should focus solely on academic subjects and not worry about finances.
Definition 4 of 39
Consumer credit could be profitable
A person or business that offers loans at extremely high interest rates
During the Great Depression, New Deal policymakers came up with mortgage (home
loans) and consumer lending policies that convinced commercial banks that:
A person or organization that uses a product or service
Learning the language of money is not that important because you will be able to
depend on financial planners to manage your money.
Term 5 of 39
Which of the following statements best explains why income alone does not determine
wealth?
Income level is the only factor that influences financial stability.
People with high incomes always manage their money well.
Wealth is solely determined by the amount of money inherited from family.
How much money a person makes does not dictate his or her spending and saving
behavior.
39 Multiple choice questions
Definition 1 of 39
Credit is marketed so well that we desire to have it while completely dismissing the fact that
interest rates and fees continue to destroy our financial well-being.
Most Americans today are wealthy and will have financial security when they retire.
Which of the following statements best describe how Americans are being outsmarted
by banks and other lenders?
The credit system today is structured to accommodate a state of uncertain employment
and income instability, utilizing high interest rates and fees to turn huge profits.
Expensive houses and new cars are a true indication of wealth.
Definition 2 of 39
behavior
The knowledge and skill set necessary to be an informed consumer and manage
finances effectively
Most Americans today are wealthy and will have financial security when they retire.
Whent it comes to managing money, success is about __% knowledge and __% behavior.
When it comes to personal finance, the math is easy. What's challenging is managing
your
, Term 3 of 39
Which of the following best explains why students should learn about personal finance?
Ignoring personal finance can lead to better investment opportunities later.
Learning to manage money at this stage can eliminate financial mistakes and promote
huge financial benefits for the future.
Personal finance education is only necessary for those who want to be wealthy.
Students should focus solely on academic subjects and not worry about finances.
Definition 4 of 39
Consumer credit could be profitable
A person or business that offers loans at extremely high interest rates
During the Great Depression, New Deal policymakers came up with mortgage (home
loans) and consumer lending policies that convinced commercial banks that:
A person or organization that uses a product or service
Learning the language of money is not that important because you will be able to
depend on financial planners to manage your money.
Term 5 of 39
Which of the following statements best explains why income alone does not determine
wealth?
Income level is the only factor that influences financial stability.
People with high incomes always manage their money well.
Wealth is solely determined by the amount of money inherited from family.
How much money a person makes does not dictate his or her spending and saving
behavior.
