Assess your personal finance knowledge
1
- KeyAA) Using money to buy everything I want
- KeyBB) Knowing what I truly need or want before I spend money
- KeyCC) Always paying with a credit card only
- KeyDD) Not using money except for necessities
2
- KeyAA) keeping a list of all expenses
- KeyBB) Determining how to distribute my income on expenses and savings
- KeyCC) Saving money for emergencies only
- KeyDD) Spending money freely without a plan
3
- KeyAA) People with a high and fixed income
- KeyBB) People with a low and fixed income
- KeyCC) People with a variable income
- KeyDD) All of the above
4
- KeyAA) It does not affect
- KeyBB) The value of my money decreases
- KeyCC) The value of my money increases
- KeyDD) None of the above
5
- KeyAA) Fixing my car that frequently breaks down
- KeyBB) Paying school tuition
- KeyCC) Repairing a suddenly malfunctioning refrigerator
- KeyDD) Funding my family holiday vacation
6
- KeyAA) Part of the emergency fund
- KeyBB) A financing tool
- KeyCC) A payment tool
- KeyDD) All of the above
7
- KeyAA) Commit to paying the minimum balance
- KeyBB) Pay when funds are available
- KeyCC) Pay the full monthly balance
- KeyDD) None of the above
8
- KeyAA) Credit card
- KeyBB) Mortgage
- KeyCC) Personal loans
- KeyDD) All loans are bad
9
- KeyAA) To increase my wealth
- KeyBB) To cover annual expenses
- KeyCC) For private retirement
- KeyDD) None of the above
10
- KeyAA) Saving is buying cheap things, and investing is buying expensive things
- KeyBB) Saving is accumulating money for the near future, and investing is putting money to work to earn profits
- KeyCC) Saving is putting money in a bank account, and investing is buying gold only
- KeyDD) Saving is accumulating money and avoiding using it, and investing is paying off the mortgage for my home
11
- KeyAA) There is no difference
- KeyBB) Investing requires a lot of time and expertise
- KeyCC) Trading requires a lot of time and expertise
- KeyDD) None of the above
12
- KeyAExcessive spending
- KeyBHigh debts
- KeyCNo savings
- KeyDNo investments
- KeyEAll of the above
13
14