Deck 13: Managing Finances

Question 1

There are different kinds of income discussed in the book.Which one of the following does not belong.

A)Discretionary
B)Disposable
C)Gross
D)Aspirational

Answer 1

D

Question 2

__________ is the science or practice of managing money or other assets.

A)Actuarial management
B)Budgeting
C)Accounting
D)Financial management

Answer 2

D

Question 3

One way to approach saving is to have a goal of building an)______________ of three to six month's income.

A)Emergency fund
B)Umbrella reserve
C)Quantity fund
D)Production/consumption reserve

Answer 3

A

Question 4

Which of the following is not one of the three major credit bureaus in the U.S.?

A)Equifax
B)Experian
C)American Express
D)Trans Union

Question 5

An)_____ or a spending plan or guide can be helpful by providing a visible means of controlling money.

A)Annuity
B)Budget
C)Net worth statement
D)Money calendar

Question 6

_____________ is a financial arrangement whereby people pay premiums tp aan)____________ company that reimburses them in the event of loss or injury.

A)Stock
B)Mutual Fund
C)Insurance
D)Investiture

Question 7

An area that is rising significantly in cost is:

A)Health care
B)Home appliances and electronics
C)College tuition
D)both a and c are correct

Question 8

It is easy to sign contracts for gym membership,but if one rarely goes to the gym a gap exists between _______ and behavior.

A)Resources
B)Values hope)
C)Attitudes
D)Ethics

Question 9

The main measure of inflation is the ________________ computed and reported each month by the Bureau of Labor Statistics.

A)Consumer Price Index
B)Product Producer Index
C)Consumer Confidence Survey
D)New Homes Sales Matrix

Question 10

In the United States,the Great Depression peaked in:

A)1900
B)1933
C)1945
D)1981

Question 11

Rent and car payments are examples of:

A)Variable expenses
B)Fixed expenses
C)Net worth expenses
D)Assets

Question 12

___________ is the speed and ease of retrieving cash or turning another type of investment into cash.

A)Morbidity
B)Liquidity
C)Asset building
D)Lifetime earning credit

Question 13

One attitude shift in the United States is that people are beginning ___________ at an earlier age.

A)Travel planning
B)Career planning
C)Retirement planning
D)Estate planning

Question 14

Self-control issues exist for several areas for most people.Which of the following is not on the usual list?

A)Using credit or debit cards
B)Mail order clubs or buying online
C)Malls,shopping centers or other types of in-person shopping
D)Antiques

Question 15

An)_______ is a numeric value assigned to credit habits,bill paying,and history.

A)FICO Score
B)Annual percentage score
C)Financial Score
D)FDIC Score

Question 16

The _____________ is a measure of the goods and services affordable and available to consumers.

A)standard of living
B)level of living
C)consumption standard
D)online consumer survey

Question 17

____________ also known as cash cards are computerized banking transactions,they remove money directly from your account.

A)Credit cards
B)Debit cards
C)Smart cards
D)Access cards

Question 18

The Business Cycle has three main parts,which of these is not one of them?

A)Expansion
B)Recession
C)Inflation
D)Recovery