, TESTBANK for Introduction to Personal
Finance Beginning Your Financial Journey by
John E. Grable
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We have all what you need with best price
Our email :
Our website :
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,Introduction to Personal Finance, 1e (Grable)
Chapter 1 Beginning Your Financial Journey: The Interior Finance Point of View
1) Which of the following refers to one's ability to understand and use personal finance
information?
A) Financial literacy.
B) Financial well-being.
C) Financial knowledge.
D) Financial ability.
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
2) People who believe that what happens to them is based on fate or luck might view their
financial journey as being uncertain. This is an example of
A) financial risk tolerance.
B) financial literacy.
C) feelings of control.
D) financial ability.
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
3) Internal finance includes your
A) financial knowledge.
B) financial risk tolerance.
C) feelings of control.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
1
,4) Which of the following refers to your confidence and peace of mind regarding your financial
situation?
A) Financial literacy.
B) Financial well-being.
C) Financial knowledge.
D) Financial ability.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
5) In addition to financial knowledge, which of the following is important in shaping your view
of the financial world?
A) Financial risk tolerance, only.
B) Feelings of control, only.
C) Financial well-being.
D) Financial risk tolerance and feelings of control.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
6) Which of the following refers to your willingness to engage in financial endeavors that have
uncertain outcomes?
A) Financial literacy.
B) Financial risk tolerance.
C) Financial knowledge.
D) Financial ability.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
2
,7) Which of the following is measured by adding up how much the United States produces in
goods and services in a year?
A) Gross domestic product.
B) The cost of goods sold.
C) Financial literacy.
D) Financial risk tolerance.
Answer: A
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
8) How much of GDP consists of consumer spending?
A) 46%.
B) 50%.
C) 60%.
D) 66%.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
9) Which of the following is a course that will help you outline exactly how to apply your
financial knowledge to achieve your life vision?
A) Financial literacy.
B) Financial roadmap.
C) Financial knowledge.
D) Financial ability.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
3
,10) An action item that should be a part of everyone's journey to financial well-being includes
which of the following?
A) Keeping good records.
B) Spending less than you earn.
C) Maintaining appropriate insurance.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
11) How does consumer spending affect GDP?
A) If spending decreases, GDP increases.
B) If spending increases, GDP decreases.
C) If spending increases, GDP increases.
D) Consumer spending doesn't affect GDP.
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
12) Financial literacy takes more than financial knowledge. You must also have some key
personal behaviors, including which of the following?
A) Self-control.
B) A desire to apply financial information to the management of your household financial
situation.
C) An interest in personal finance topics.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
4
,13) Which of the following is one of the most important predictors of savings and investment
success and overall well-being?
A) Financial literacy.
B) Financial well-being.
C) Financial knowledge.
D) Financial ability.
Answer: A
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
14) Those who increase their financial ________ tend to experience greater life and financial
well-being.
A) literacy
B) risks
C) knowledge
D) ability
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
15) If you slow down or stop spending, what happens to GDP?
A) GDP increases.
B) GDP decreases.
C) GDP is unchanged.
D) GDP is not related to consumer spending.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
5
,16) Your ability and willingness to work, learn, earn, and make wise decisions about how to save
and invest money refers to what?
A) Financial literacy.
B) Financial well-being.
C) Social capital.
D) Human capital.
Answer: D
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
17) How well you are able to form connections with other people is referred to as what?
A) Financial literacy.
B) Financial well-being.
C) Social capital.
D) Human capital.
Answer: C
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
18) Human capital is your most valuable
A) asset.
B) liability.
C) skill.
D) ability.
Answer: A
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
6
,19) Example(s) of human capital include which of the following?
A) Formal education.
B) Health.
C) Skill development.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
20) Which of the following is not found in individuals themselves but rather in the space
between individuals or the network of connections among people?
A) Financial literacy.
B) Financial well-being.
C) Social capital.
D) Human capital.
Answer: C
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
21) Social capital includes which of the following?
A) Informal and formal networks.
B) Financial well-being and financial knowledge.
C) Formal networks and financial knowledge.
D) Human capital and informal networks.
Answer: A
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
7
, 22) Which of the following includes the interpersonal relationships you form with your family
and close friends?
A) Informal networks.
B) Formal networks.
C) Financial capability.
D) Human capital.
Answer: A
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
23) Which of the following connects you with people in professional, recreational, leisure, and
social communities?
A) Informal networks.
B) Formal networks.
C) Financial capability.
D) Human capital.
Answer: B
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
24) Which of the following can both help and seriously deplete your social capital?
A) Informal networks.
B) Formal networks.
C) Social media sites.
D) Human capital.
Answer: C
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
8
Finance Beginning Your Financial Journey by
John E. Grable
Hello all ,
We have all what you need with best price
Our email :
Our website :
testbanks-store.com
,Introduction to Personal Finance, 1e (Grable)
Chapter 1 Beginning Your Financial Journey: The Interior Finance Point of View
1) Which of the following refers to one's ability to understand and use personal finance
information?
A) Financial literacy.
B) Financial well-being.
C) Financial knowledge.
D) Financial ability.
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
2) People who believe that what happens to them is based on fate or luck might view their
financial journey as being uncertain. This is an example of
A) financial risk tolerance.
B) financial literacy.
C) feelings of control.
D) financial ability.
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
3) Internal finance includes your
A) financial knowledge.
B) financial risk tolerance.
C) feelings of control.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
1
,4) Which of the following refers to your confidence and peace of mind regarding your financial
situation?
A) Financial literacy.
B) Financial well-being.
C) Financial knowledge.
D) Financial ability.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
5) In addition to financial knowledge, which of the following is important in shaping your view
of the financial world?
A) Financial risk tolerance, only.
B) Feelings of control, only.
C) Financial well-being.
D) Financial risk tolerance and feelings of control.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
6) Which of the following refers to your willingness to engage in financial endeavors that have
uncertain outcomes?
A) Financial literacy.
B) Financial risk tolerance.
C) Financial knowledge.
D) Financial ability.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
2
,7) Which of the following is measured by adding up how much the United States produces in
goods and services in a year?
A) Gross domestic product.
B) The cost of goods sold.
C) Financial literacy.
D) Financial risk tolerance.
Answer: A
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
8) How much of GDP consists of consumer spending?
A) 46%.
B) 50%.
C) 60%.
D) 66%.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
9) Which of the following is a course that will help you outline exactly how to apply your
financial knowledge to achieve your life vision?
A) Financial literacy.
B) Financial roadmap.
C) Financial knowledge.
D) Financial ability.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
3
,10) An action item that should be a part of everyone's journey to financial well-being includes
which of the following?
A) Keeping good records.
B) Spending less than you earn.
C) Maintaining appropriate insurance.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
11) How does consumer spending affect GDP?
A) If spending decreases, GDP increases.
B) If spending increases, GDP decreases.
C) If spending increases, GDP increases.
D) Consumer spending doesn't affect GDP.
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
12) Financial literacy takes more than financial knowledge. You must also have some key
personal behaviors, including which of the following?
A) Self-control.
B) A desire to apply financial information to the management of your household financial
situation.
C) An interest in personal finance topics.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
4
,13) Which of the following is one of the most important predictors of savings and investment
success and overall well-being?
A) Financial literacy.
B) Financial well-being.
C) Financial knowledge.
D) Financial ability.
Answer: A
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
14) Those who increase their financial ________ tend to experience greater life and financial
well-being.
A) literacy
B) risks
C) knowledge
D) ability
Answer: C
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
15) If you slow down or stop spending, what happens to GDP?
A) GDP increases.
B) GDP decreases.
C) GDP is unchanged.
D) GDP is not related to consumer spending.
Answer: B
Diff: 1
LO: 1.1, Section 1.1
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
5
,16) Your ability and willingness to work, learn, earn, and make wise decisions about how to save
and invest money refers to what?
A) Financial literacy.
B) Financial well-being.
C) Social capital.
D) Human capital.
Answer: D
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
17) How well you are able to form connections with other people is referred to as what?
A) Financial literacy.
B) Financial well-being.
C) Social capital.
D) Human capital.
Answer: C
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
18) Human capital is your most valuable
A) asset.
B) liability.
C) skill.
D) ability.
Answer: A
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
6
,19) Example(s) of human capital include which of the following?
A) Formal education.
B) Health.
C) Skill development.
D) All of these answer choices are correct.
Answer: D
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
20) Which of the following is not found in individuals themselves but rather in the space
between individuals or the network of connections among people?
A) Financial literacy.
B) Financial well-being.
C) Social capital.
D) Human capital.
Answer: C
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
21) Social capital includes which of the following?
A) Informal and formal networks.
B) Financial well-being and financial knowledge.
C) Formal networks and financial knowledge.
D) Human capital and informal networks.
Answer: A
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
7
, 22) Which of the following includes the interpersonal relationships you form with your family
and close friends?
A) Informal networks.
B) Formal networks.
C) Financial capability.
D) Human capital.
Answer: A
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
23) Which of the following connects you with people in professional, recreational, leisure, and
social communities?
A) Informal networks.
B) Formal networks.
C) Financial capability.
D) Human capital.
Answer: B
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
24) Which of the following can both help and seriously deplete your social capital?
A) Informal networks.
B) Formal networks.
C) Social media sites.
D) Human capital.
Answer: C
Diff: 1
LO: 1.2, Section 1.2
Bloom: K
AACSB / IMA: none; none
AICPA: FC: none
Min: 1
8
