Personal Finance Unit 1 Test Prep

A ___________is a fundamental belief or practice about what is desirable, worthwhile, and important to an individual.

• Want

• Need

• Value

A _______is a necessity required for life.

• Want

• Need

• Value

A ______ is something unnecessary but desired.

• Want

• Need

• Value

True or False:  A want is something that is needed and is necessary for us to live and function 

• True

• False

Which of the following is not an example of a need?  

• Water

• Shelter

• Brand New Car

• Food

True or false- Well being is feeling good about oneself

• True

• False

All of the following are domains of well being, except:

• Emotional

• Intellectual

• Social

• Physical

• Exercise

Eating well is an example of __________ domain of well being.  

• Intellectual

• Physical

• Emotional

• Social

Learning at school is an example of ______ domain of well being.  

• Emotional

• Social

• Intellectual

• Financial

Writing in a journal is an example of the _______ domain of well being.  

• Social

• Emotional

• Physical

• Financial