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Per Fin Final Exam 5
| Question | Answer |
|---|---|
| Money that an individual spends is referred to as: | Cash Outflows |
| Which of the following questions would you be most likely to ask when creating a plan for investing? | How much risk can I tolerate? |
| Deciding how much money to keep in a checking account and in a savings account is part of a(n) _____ plan. | Liquidity management |
| Allowance Nicole receives from her parent is inflow or outflow? | Inflow |
| Interest Nicole earns from her saving account is inflow or outflow? | Inflow |
| Interest Nicole is charged on her credit card balance is inflow or outflow? | Outflow |
| Which of the following is most important to creating a successful financial plan? | Establishing clear goals |
| Your financial goals are most directly tied to your income, your ______, and your choice of career. | Level of education |
| Savings accounts, grants, and jobs are all potential sources of _______. | Income |
| Is monthly rent a fixed expense or variable expense? | Fixed expense |
| Is money spend on entertainment in one month a fixed expense or variable expense? | Variable expense |
| Is money spent on gas in one month a fixed expense or variable expense? | Variable expense |
| Is a monthly water bill a fixed expense or variable expense? | Variable expense |
| Is a credit card bill a fixed expense or variable expense? | Variable expense |
| Is buying a motorcycle next year a short-term goal, long-term goal or intermediate-term goal? | Intermediate-term goal |
| Is contributing $100 per month for a year to savings a a short-term goal, long-term goal or intermediate-term goal? | Short-term goal |
| Is saving $10,000 over six years for a down payment on a condo a short-term goal, long-term goal or intermediate-term goal? | Long-term goal |
| In which of the following career fields are jobs expected to be created at the fasted rate from 2010-2020? | Personal care and home health aides |
| Order the steps in developing a career path: | Learning about compensation, job availability, and education and skill requirements; List your interests; Identify possible career choices |
| Master's degrees, law degrees and doctoral degrees are all examples of: | Graduate degrees. |
Created by:
Traceyshea