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PF 1.01: Money in your life Flashcards | StudBud

Explore/PF 1.01: Money in your life

Which of the following statements about our interactions with money is NOT true?

Which of the following would contribute the most to her financial well‐being?

PF 1.01: Money in your life

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Objective 1.01

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Questions 5

Answers

1
Which of the following would contribute the most to her financial well‐being?
A personal finance class to learn how to manage her money.
Open another checking account to help organize her money.
Talk to her friends about how to manage her money better.
Pay her grandma back the money she borrowed.
2
Which of the following statements about our interactions with money is NOT true?
You are responsible for your present self & future self.
Your present self impacts your future self.
Investment increases risk & reduces ability to cope w/ risk
You are better off in a community than by yourself.
3
When assigned to create a timeline of his financial future, where should the end be set?
When he is 70‐years‐old.
When the money management plan establishes high well‐being.
Never – it is an ongoing process.
When his financial goals have been established.
4
Which of the following would contribute the most to his intellectual well‐being?
Take a vacation from work.
Challenge himself by taking on a new project at work.
Join a local service organization.
Go to the gym three times per week.
5
Which of the following activities would contribute the most to his well‐being?
An activity that doesn’t cost much money.
An activity his friends like to participate in.
An activity that makes him lose track of time.
An activity that his teacher suggested to him.