
Chapter 2 - Financial Algebra

Quiz
•
Mathematics
•
12th Grade
•
Medium
+10
Standards-aligned
Used 22+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A(n) ________ involves specifying financial goals and describing in detail the spending, financing, and investing plans needed to reach those goals.
individual retirement savings plan
personal financial plan
personal debt management plan
individual investment strategy
Tags
CCSS.HSA.CED.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a key component addressed by a solid financial plan?
Risk management
taxes
investment
education
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A personal financial plan focuses on how to accumulate and grow wealth, but it will not help you provide for unanticipated financial emergencies.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Each component of a personal financial plans involves making a set of personal decisions.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The purpose of a budget is to plan your spending and saving, considering your income level, so that you can meet your ________.
Needs and wants
immediate needs
long-term dreams
intermediate financial goals
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.CED.A.3
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The process of forecasting future expenses and incomes is called ________.
personal financial planning
equity assessment
liability analysis
budgeting
Tags
CCSS.7.EE.B.4
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Net worth is determined by subtracting an individualʹs liabilities from his or her ________.
income
equity
assets
liquidity
Tags
CCSS.HSA.CED.A.4
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