Objective 1.01 (PF)

Description

Money in Your Life
Tara McDonald
Quiz by Tara McDonald, updated more than 1 year ago
Tara McDonald
Created by Tara McDonald almost 6 years ago
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Resource summary

Question 1

Question
Mark is wondering how he can improve his intellectual well-being. Which would contribute the most to his intellectual well-being?
Answer
  • Go to the gym three times a week
  • Challenging himself by taking a class to get certified at work
  • Attending church
  • Taking a trip to Hawaii

Question 2

Question
Blake wants to do something that will improve his overall well-being. Which activity would help him be most satisfied?
Answer
  • An activity his friends like but that he doesn't really care about
  • An activity that's free
  • An activity that his teacher wants him to do
  • An activity that makes him lose track of time (watch a movie, play a video game, go shopping...)

Question 3

Question
Which statement about our interactions with money is NOT considered to be true?
Answer
  • Save some, spend some, and you'll always have some.
  • Your present self impacts your future self.
  • You are better off in a community than by yourself.
  • Investing money increases your risk and reduces your ability to cope with risk and uncertainty.

Question 4

Question
Jonathan is studying financial planning in his Personal Finance class. Ms. McDonald has assigned him to create a timeline of his financial future. Where should the END of his financial planning timeline be set?
Answer
  • When he establishes his financial goals
  • Never – financial planning goes on and on throughout his life
  • When his money management plan has given him a high well-being
  • When he is 70 years old and doing his estate planning

Question 5

Question
Where does a high well-being come from?
Answer
  • Feeling good about your life and your decisions
  • Failing a test
  • Filing for bankruptcy when you can't pay your bills
  • Getting a divorce

Question 6

Question
Which of the following would NOT be an example of a person's social well-being?
Answer
  • Going to a party with friends
  • Taking a vacation with your family
  • Creating a personal budget
  • Participating in a classroom discussion sharing your ideas and listening to others
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