Personal Finance Module 1 Exam Review

Which two of the following would be an example of "hard skills?"

Which of the following should you do if you want to earn a higher rate of return on an investment?

Human capital is defined as the knowledge, talent, and skills that people possess.

Which of the following is the first step in creating & using a budget plan?

Which of the following is the type of income that reflects what you earn AFTER taxes?

A person who would like to have a full-time job but is working part-time would be counted as unemployed.

The definition below is describing the Rule of 72.

In general, if you have a higher education, you experience which of the following?

Financing options for postsecondary education are very expensive and outweigh the value of the education attained.

Which of the following are the most important aspects of personal finance?

Financing options for postsecondary education include scholarships, grants, student loans, and work study.

Having a budget can help you achieve your financial goals.

A 20-year old full-time college student would be counted as unemployed.

Which of the following represents the original amount of money deposited for the purchase of an item?

What is the name of the form you should fill our when planning how you will finance post-secondary school?

A factory worker who was recently laid off & is seeking work would be counted as unemployed.

There are both pros and cons of using student loans to finance your postsecondary education.

There is a correlation between human capital, education, and income.

Which of the following is an itemized summary of probable income & expenses for a given period?

Which of the following are payments people receive for providing labor in the marketplace?