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Personal finance
Personal finance quiz #1.
| Question | Answer |
|---|---|
| Samantha wants to learn more about financial issues that can affect her life. She is learning about _____________. | Personal finance. |
| The process of __________ will help George plan his financial future. | Personal financial planning. |
| Leon used money from his savings account for a down payment on an ATV. Money in his savings account is an example of a _________ | Liquid assest. |
| ___________ is a legal process filled when one is unable to pay his/her bills. | Bankruptcy. |
| Allison wanted to spend the evening at the movies with friends instead of filling her car's gas tank. With this decision she incurred an______ | Opportunity cost. |
| The process of planning every aspect of your personal finances is know as ________ | Personal financial planning. |
| Liquid assets are those possessions that can be readily and easily converted to ______ | Cash. |
| All of the following are important in choosing a career except______ | Gender. |
| Your gross pay will be reduced by ________ | Taxes. |
| In general, the ______ education and training you get, the ______ you will earn in your lifetime. | Less, less or more, more. |
| Good financial planning can help you achieve all of the following goals except ________. | Winning the lottery. |
| The median home price in the United States for 2010 was _______ | About $222,000. |
| People should begin planning for retirement at age ________ | 20. |
| Which of the following goals in NOT a financial goal? | Earn a college degree. |
| Most people in the United States save _______ percent of their income. | 0% |