FIN333 Ch2 Money Management Tools And Techniques

FIN333 Ch2 Money Management Tools And Techniques

University

28 Qs

quiz-placeholder

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FIN333 Ch2 Money Management Tools And Techniques

FIN333 Ch2 Money Management Tools And Techniques

Assessment

Quiz

Financial Education

University

Medium

Created by

Kelas Ferri

Used 1+ times

FREE Resource

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary benefit of maintaining accurate personal finance records?

To increase debt

To avoid paying taxes

To monitor spending habits

To impress others

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of personal finance records system?

Manual Paper-Based System

Personal Finance Software

Spreadsheet Software

Investment Portfolio

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of personal finance software?

Manual entry of all transactions

Automatic syncing with bank accounts

Physical storage of documents

Limited access to financial data

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document shows your income and expenses over a specific period?

Personal Cash Budget Statement

Investment Portfolio Statement

Personal Balance Sheet Statement

Personal Cash Flow Statement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a personal balance sheet statement?

To track daily expenses

To analyze investment performance

To provide a snapshot of financial position

To calculate monthly savings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a liquid asset?

Real estate

Furniture

Stocks

Vehicles

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does net worth represent?

Total income minus total expenses

Total debts minus total assets

Total assets minus total liabilities

Total savings plus total investments

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