Personal Financial Literacy

Current and long-term liabilities represent which of the following?

Financial goals that will take more than five years to accomplish should be considered as:

Which of the following is an example of a liquid asset?

Something you own that can be rapidly converted to cash without much risk for loss.

Which of the following is NOT a typical asset listed on a personal balance sheet?

__ can help you save for major purchases, unexpected expenses, and unexpected opportunities.

Federal income taxes, state income taxes, and Social Security withholding's are all ?

Total amount of money a worker takes home in a pay period is their:

Wages earned and allowance are two types of ?

Of the following, it is most important for your financial goals to be:

which of the following provides the most accurate definition of personal finance?

Net worth is determined by subtracting an individuals liabilities from their?

Having ___ is the major means which an individual saves money, builds wealth & acquires assets?

The total amount of money a worker earns in a pay period is his or her:

purpose of insurance is to _____ your assets.

The set of financial issues that can affect an individual.

Money that an individual spends is referred to as:

In general, which type of tax is typically used to fund local schools

As your financial goals become more involved, you will need a more__ financial plan.

A powerful tool that when used early in life, can help you build large sums of money.

What type of form would you use to file a tax return?

something that an individual owes:

Raising a child can be expected to cost __ over a child's life?

Stocks, bonds, mutual funds, and real estate are all common types of:

defining characteristic of a liquid asset is its:

The process of creating a strategy for an individuals borrowing, saving, spending, etc...

Why do people invest money?

which is a certification held by financial advisors to know they are an expert?

which of the following would you most likely use to assess the accuracy of your budget?

A financial advisor's area of expertise should:

When is the deadline for filing your federal tax return?

For most consumers, the biggest expense is:

a charge on borrowed money:

The money you have left over each month is most directly related to your plans to manage:

Which of the following is NOT one of the main purposes of taxation