Personal Finance Chapter 10

Question 1

the number one cause of divorce in America is

Accepted Answer

money fights

Question 2

if money fights r a issue in marriage, money management gives opportunity 2 improve a marriage

Accepted Answer

true

Question 3

which of the following statements regarding marriage and money is false

Accepted Answer

its ok to hide purchases as long as u have cash 2 pay for it

Question 4

which of the following is NOT a rule for the "budget committee meeting"

Accepted Answer

should take as long as needed for complex & detailed budget

Question 5

talking w/others about $ is a matter of the other person hearing & following ur wishes

Accepted Answer

false

Question 6

when it comes to communicating with others about money, you should NOT

Accepted Answer

manipulate

Question 7

which of the following statements is false

Accepted Answer

if u value freedom and spontaneity u more likely to save

Question 8

when managing moey, one's value system is of no importance

Accepted Answer

false

Question 9

when communicating with your parents about money you should

Accepted Answer

all of the above

Question 10

men tend to get good deals by

Accepted Answer

negotiating

Question 11

If you value security, you are more likely to:

Accepted Answer

save money

Question 12

it is easier to manage money when u are accountable to no one

Accepted Answer

false

Question 13

sine men & women are different who is supposed to do the financial decision making

Accepted Answer

both spouses

Question 14

whether u agree w/ur parents or not abotu money,u should always respect & honor their decisions

Accepted Answer

true

Question 15

a great way for a young person to avoid making money mistakes is to

Accepted Answer

seek advice from a trusted adult

Question 16

discussing important financial matters with household members can reduce conflict

Accepted Answer

true

Question 17

which of the following can be a challenge when managing money on ur own as a young single adult

Accepted Answer

all of the above

Question 18

when married couples do not share goals & values in how they manage money which occurs

Accepted Answer

all of the above

Question 19

you should communicate ur money goals with ur parents and others close to u because

Accepted Answer

allow others 2 provide u w/accountability & encouragement

Question 20

the flow of money in a family represents the ___ under which that family operates

Accepted Answer

value system

Question 21

For women, the ______ is the most important key to financial security

Accepted Answer

emergency fund

Question 22

the goal in talking w/ur parents about $ is 2 become responsible & independent w/money u have

Accepted Answer

true

Question 23

Communication,teamwork & consistency r all important elements in handling family finance

Accepted Answer

true

Question 24

a written plan gives the single person empowerment, self-accountability and control

Accepted Answer

true

Question 25

in a marriage, you are financially accountable to each other

Accepted Answer

true

Personal Finance Chapter 10

Questions 25

Personal Finance Chapter 10

Questions 25