Chapter 10: Money and Relationships

Question 1

23. Effective communication about money involves getting your partner to follow your every wish

Accepted Answer

False

Question 2

15. Why is it important to discuss your money goals?

Accepted Answer

Friends and family can provide support and encouragement

Question 3

26. Being accountable means that:

Accepted Answer

You are responsible/liable for your actions

Question 4

8. Co-decision making, writing a budget, & letting the "nerd" prepare budgets occur in a:

Accepted Answer

Budget committee meeting

Question 5

19. Co-managing money in a marriage means that you and your spouse are _________ to each other.

Accepted Answer

Accountable

Question 6

28. A __________ system is a set of beliefs and standards that shape our world view.

Accepted Answer

Value

Question 7

14. How can a young person avoid going into debt and making money mistakes?

Accepted Answer

Find an accountability partner (an adult you trust)

Question 8

3. It's not important for married couples to share goals and values regarding money management.

Accepted Answer

False

Question 9

4. True or False: People with a "free spirit" money personality are more likely to be a saver.

Accepted Answer

False

Question 10

33. Having ________ means that you are free from danger or threats.

Accepted Answer

Security

Question 11

34. Cooperation and coordination between a group of people can be defined as:

Accepted Answer

Teamwork

Question 12

12. Who is responsible for making the financial decisions in a marriage?

Accepted Answer

Both spouses

Question 13

20. Our __________ determines the way we spend, save, and manage money.

Accepted Answer

Value system

Question 14

7. Is it a good idea to hide purchases or misrepresent spending habits to a marriage partner?

Accepted Answer

No

Question 15

27. _________hate to deal with money details. They typically don’t worry about future outcomes.

Accepted Answer

Free spirits

Question 16

29. Time poverty represents a _____ of time.

Accepted Answer

Lack

Question 17

10. Men are:

Accepted Answer

Negotiators

Question 18

31. Directing effort and achieving a desired result means that you have:

Accepted Answer

Reached a goal

Question 19

1. People who value security are more likely to _______ money.

Accepted Answer

Save

Question 20

9. Who believes that the emergency fund is the most important key to financial security?

Accepted Answer

Women

Question 21

24. Should you honor and respect your parents’ decisions about money, even if you do not agree?

Accepted Answer

Yes

Question 22

18. A written budget allows a single person to feel:

Accepted Answer

All of the above

Question 23

5. How should you talk to your parents about money?

Accepted Answer

All of the above

Question 24

35. A person who has confidence and a sense of personal satisfaction probably has:

Accepted Answer

A high degree of self-esteem

Question 25

22. How can couples eliminate money fights?

Accepted Answer

Learn to manage your money as a couple

Question 26

13. ________ are the number one cause of divorce in America.

Accepted Answer

Money fights

Question 27

25. We can reduce conflict among family members by:

Accepted Answer

Talking about important financial issues

Question 28

30. _________ enjoy details. They are picky about the way they spend their money.

Accepted Answer

Nerds

Question 29

16. Why is important to discuss money with your parents?

Accepted Answer

Learn how to make responsible and independent decisions

Question 30

11. In terms of money management, a family’s value system represents:

Accepted Answer

The way they spend their money

Question 31

32. The exchange of information between individuals can be defined as:

Accepted Answer

Communication

Question 32

2. Listening, being honest, and picking the right time and place are all:

Accepted Answer

Effective methods of communication

Question 33

21. 3 elements that families use to manage their finances include:

Accepted Answer

Communication, teamwork, consistency

Question 34

17. True or False: Managing money is easier with no accountability.

Accepted Answer

False

Question 35

6. Impulse purchases, not keeping a budget, and time poverty are all:

Accepted Answer

Financial challenges faced by young single adults

Chapter 10: Money and Relationships

Questions 35

Chapter 10: Money and Relationships

Questions 35