Financial Planning Knowledge Check

Insurance is one option for limiting potential loss should an unexpected event happen.

• True

• False

Having _______ saved in case of an emergency is one way to reduce the consequences of unfortunate events in your life. (5 Letters)

Financial experts recommend having enough money to cover ___________ of expenses in an emergency fund.

• 3 - 6 Months

• 1 - 2 Months

• 6 - 8 Months

• 1 - 2 Years

Financial experts recommend establishing an emergency ________ in case of an unexpected financial change. (4 Letters)

Personal factors that affect financial planning include all of the following, EXCEPT:

• Inflation

• Financial Literacy

• Health Status

• Risk Profile

The income you currently make and have the potential to make may affect your financial plan.

• True

• False

An increase in the production of goods and services resulting in higher stock prices, lower interest rates and business growth is the result of __________ growth. (8 Letters)

Unemployment indicates the economy is not being efficient.

• True

• False