Question 1

Sometimes for a family to stay in the relationship instead of divorcing,there other costs besides financial,such as:

Accepted Answer

A)  physical. 
B)  emotional. 
C)  mental well-being. 
D)  all of these may apply. 
A)  physical. 
B)  emotional. 
C)  mental well-being. 
D)  all of these may apply.

Question 2

One way to get yourself out of the credit trap is to negotiate lower interest rates with your credit card company.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is NOT part of a good budgeting process?

Accepted Answer

A)  establishing how much income can be expected 
B)  ascertaining real costs and estimating amount of money needed to pay for expenses 
C)  treating credit as income 
D)  recording expenses on a regular basis 
A)  establishing how much income can be expected 
B)  ascertaining real costs and estimating amount of money needed to pay for expenses 
C)  treating credit as income 
D)  recording expenses on a regular basis

Question 4

Why do financial problems start for some families?

Accepted Answer

A)  Money is a taboo topic. 
B)  Many couples do not create and stick to a budget. 
C)  Some families overspend on credit. 
D)  All of these. 
A)  Money is a taboo topic. 
B)  Many couples do not create and stick to a budget. 
C)  Some families overspend on credit. 
D)  All of these.

Question 5

For many Latino families,family is the highest priority and the primary source of financial support.In regards to diversity and financial style they are likely to adopt a(n):

Accepted Answer

A)  collective perspective. 
B)  individualistic perspective. 
C)  egalitarian perspective. 
D)  socialistic perspective. 
A)  collective perspective. 
B)  individualistic perspective. 
C)  egalitarian perspective. 
D)  socialistic perspective.

Question 6

Research indicates that there is a _____ relationship between money and marital happiness.

Accepted Answer

The answer of Research indicates that there is a _____...

Question 7

Which statement is TRUE about a collective worldview:

Accepted Answer

A)  Few cultural groups have this view. 
B)  People with this view tend to place high priority on helping family and friends. 
C)  These people place personal needs first,then family. 
D)  Often European Americans see this view as a cultural strength. 
A)  Few cultural groups have this view. 
B)  People with this view tend to place high priority on helping family and friends. 
C)  These people place personal needs first,then family. 
D)  Often European Americans see this view as a cultural strength.

Question 8

Which of the following is NOT an asset?

Accepted Answer

A)  cash on hand 
B)  mortgage balance 
C)  savings and retirement funds 
D)  trust account 
A)  cash on hand 
B)  mortgage balance 
C)  savings and retirement funds 
D)  trust account

Question 9

In general,what percentage of Americans report that they are "very happy"?

Accepted Answer

A)  25% 
B)  33% 
C)  50% 
D)  66% 
A)  25% 
B)  33% 
C)  50% 
D)  66%

Question 10

What is the average median income level across all ethnic groups?

Accepted Answer

A)  $60,088 
B)  $46,103 
C)  $54,920 
D)  $38,679 
A)  $60,088 
B)  $46,103 
C)  $54,920 
D)  $38,679

Question 11

According to the textbook,in a middle class family,how much does it cost to raise a baby to the age of 2?

Accepted Answer

A)  $24,000 
B)  $32,000 
C)  $50,000 
D)  $191,000 
A)  $24,000 
B)  $32,000 
C)  $50,000 
D)  $191,000

Question 12

People with a collective worldview use resources to better themselves.

Accepted Answer

A) True 
 B)False

Question 13

Money problems are seldom related to an inability to develop an open and well-organized family system.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements about U.S.families and credit cards is FALSE?

Accepted Answer

A)  About 2/3 of families carry a monthly balance on their credit cards. 
B)  Having a savings account is rare,compared to having credit card debt. 
C)  The average credit card debt for the typical U.S.family is now about $9000. 
D)  None of these are false statements.(That is,all of the statements are true.) 
A)  About 2/3 of families carry a monthly balance on their credit cards. 
B)  Having a savings account is rare,compared to having credit card debt. 
C)  The average credit card debt for the typical U.S.family is now about $9000. 
D)  None of these are false statements.(That is,all of the statements are true.)

Question 15

Saffi tends to buy items in the mall on the spur of the moment even though she knows she could get the item for less online or at other discount store.This will lead to excessive debt due to:

Accepted Answer

A)  credit spending 
B)  crisis spending 
C)  impulsive spending 
D)  comparative spending 
A)  credit spending 
B)  crisis spending 
C)  impulsive spending 
D)  comparative spending

Question 16

In regards to diversity and financial style there are many differences between income level,ethnicity,and worldview.Specifically,low-income families tend to view things from a(n):

Accepted Answer

A)  collective perspective. 
B)  individualistic perspective. 
C)  egalitarian perspective. 
D)  socialistic perspective. 
A)  collective perspective. 
B)  individualistic perspective. 
C)  egalitarian perspective. 
D)  socialistic perspective.

Question 17

When you see helping your friends and family as more important that helping yourself,you are demonstrating a _____ worldview.

Accepted Answer

collective

Question 18

What is the median income level for Asian families?

Accepted Answer

A)  $50,233 
B)  $66,103 
C)  $54,920 
D)  $38,679 
A)  $50,233 
B)  $66,103 
C)  $54,920 
D)  $38,679

Question 19

As measured by net median worth,African American and Latino families have about as much cushion against hard times as White American families.

Accepted Answer

A) True 
 B)False

Question 20

The number of U.S.citizens living in poverty has decreased during the 2000s.

Accepted Answer

A) True 
 B)False

Sometimes for a family to stay in the relationship instead of divorcing,there other costs besides financial,such as:

One way to get yourself out of the credit trap is to negotiate lower interest rates with your credit card company.

Which of the following is NOT part of a good budgeting process?

Why do financial problems start for some families?

For many Latino families,family is the highest priority and the primary source of financial support.In regards to diversity and financial style they are likely to adopt a(n):

Research indicates that there is a _____ relationship between money and marital happiness.

Which statement is TRUE about a collective worldview:

Which of the following is NOT an asset?

In general,what percentage of Americans report that they are "very happy"?

What is the average median income level across all ethnic groups?

According to the textbook,in a middle class family,how much does it cost to raise a baby to the age of 2?

People with a collective worldview use resources to better themselves.

Money problems are seldom related to an inability to develop an open and well-organized family system.

Which of the following statements about U.S.families and credit cards is FALSE?

Saffi tends to buy items in the mall on the spur of the moment even though she knows she could get the item for less online or at other discount store.This will lead to excessive debt due to:

In regards to diversity and financial style there are many differences between income level,ethnicity,and worldview.Specifically,low-income families tend to view things from a(n):

When you see helping your friends and family as more important that helping yourself,you are demonstrating a _____ worldview.

What is the median income level for Asian families?

As measured by net median worth,African American and Latino families have about as much cushion against hard times as White American families.

The number of U.S.citizens living in poverty has decreased during the 2000s.

Perspectives on Intimate Relationships

Cultural Diversity and Diversity in Family Structure: Family Strengths and Challenges

Understanding Marriage and Family Dynamics

Communication and Intimacy

Conflict and Conflict Resolution

Sexual Intimacy

Gender Roles and Power in the Family

Friendship, intimacy, and Singlehood

Dating, mate Selection, and Living Together

Marriage: Building a Strong Foundation

Parenthood: Joys and Challenges

Midlife and Older Couples

Stress, abuse, and Family Problems

Divorce, single-Parent Families, and Stepfamilies

Strengthening Marriages and Families Worldwide

Filters

Exam 8: Managing Economic Resources

Sometimes for a family to stay in the relationship instead of divorcing,there other costs besides financial,such as:

One way to get yourself out of the credit trap is to negotiate lower interest rates with your credit card company.

Which of the following is NOT part of a good budgeting process?

Why do financial problems start for some families?

For many Latino families,family is the highest priority and the primary source of financial support.In regards to diversity and financial style they are likely to adopt a(n):

Research indicates that there is a _____ relationship between money and marital happiness.

Which statement is TRUE about a collective worldview:

Which of the following is NOT an asset?

In general,what percentage of Americans report that they are "very happy"?

What is the average median income level across all ethnic groups?

According to the textbook,in a middle class family,how much does it cost to raise a baby to the age of 2?

People with a collective worldview use resources to better themselves.

Money problems are seldom related to an inability to develop an open and well-organized family system.

Which of the following statements about U.S.families and credit cards is FALSE?

Saffi tends to buy items in the mall on the spur of the moment even though she knows she could get the item for less online or at other discount store.This will lead to excessive debt due to:

In regards to diversity and financial style there are many differences between income level,ethnicity,and worldview.Specifically,low-income families tend to view things from a(n):

When you see helping your friends and family as more important that helping yourself,you are demonstrating a _____ worldview.

What is the median income level for Asian families?

As measured by net median worth,African American and Latino families have about as much cushion against hard times as White American families.

The number of U.S.citizens living in poverty has decreased during the 2000s.

Perspectives on Intimate Relationships

Cultural Diversity and Diversity in Family Structure: Family Strengths and Challenges

Understanding Marriage and Family Dynamics

Communication and Intimacy

Conflict and Conflict Resolution

Sexual Intimacy

Gender Roles and Power in the Family

Friendship, intimacy, and Singlehood

Dating, mate Selection, and Living Together

Marriage: Building a Strong Foundation

Parenthood: Joys and Challenges

Midlife and Older Couples

Stress, abuse, and Family Problems

Divorce, single-Parent Families, and Stepfamilies

Strengthening Marriages and Families Worldwide

Filters