Personal Finance Ch. 1 Review

Personal finance is described as all of the decisions and activities of an individual or family regarding money.

Which of the following is a consequence of spending more than you make?

Who suggested the design for the first penny?

Why did Japan launch a nationwide campaign to boost alcohol consumption?

Joy is a 104 year old ice cream company in Pennsylvania. What % of the US ice cream cone market do they reportedly own?

You should keep your emergency fund in the same account as your spending money.

Consumerism encourages or promotes the acquisition of goods and services.

When it comes to managing money, success is about ___% knowledge and ___% behavior

Most Americans today are wealthy and will have financial security when they retire.

When it comes to personal finance math is easy. What is challenging is managing your

Assets are

Which of the following is NOT a reason credit is marketed heavily to consumers in the U.S.

Which of the following is NOT a factor in becoming money smart

A person or business that offers loans at extremely high interest rates is referred to as a

The Atlanta Braves just became the first baseball team to _________

This animal is responsible for the most power outages in the United States

Our debt system keeps us from building

An example of a long term financial goal would be

Expensive houses and new cars are a true indication of wealth.

Financial Literacy is not important to be able to manage finances effectively.