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Personal Finance Literacy Exam 7
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Personal Finance Literacy Exam 7
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25 Questions

1. Which of the following is typically an effective method to build trusting relationships with financial clients:
2. Marshall's employer pays him for the work that he performs while on the job. This is an example of
3. A common transference device is a(n)
4. Which of the following are the best references to list in a resume:
5. Jordan buys a sofa from a local furniture store that advertises '90 days same as cash.' She's able to have the sofa delivered to her house immediately without paying anything. However, if she doesn't pay for the sofa within the 90-day period, she'll be subject to finance charges. Jordan bought the sofa using a __________ credit account.
6. Why is estate planning important?
7. Which of the following might a business experience if it failed to provide adequate consumer protection:
8. Which of the following statements is true about inflation:
9. When health insurance is available through an employer, the cost to the employee is typically
10. One of the main reasons why individuals make investments based on their future financial needs is to
11. Melissa writes checks to pay for her rent, utilities, and groceries, and she keeps a record of all these transactions in her check register. Keeping an accurate check register helps Melissa
12. The main reason people are willing to face possible business risks is
13. When should an investor sell his/her investments?
14. Mark has decided to hire a financial planner to help him plan his long-term financial goals. Which of the following should he do to ensure he finds someone he can trust:
15. What should you do if a financial client reports a problem with her/his portfolio?
16. Which of the following is a way that businesses can include consumer protection as part of product/service management:
17. Viola wants to go on a vacation sometime in the next year. How should she generate the money she needs for the trip?
18. When a nation's inflation rate is low, what do prices tend to do?
19. To be able to pay for unexpected car repairs and/or to replace broken home appliances, it is important to
20. While Chase was reviewing his stock performance, he saw that his commodities investment dropped .002 points from Monday's close to Tuesday's close. This drop is called the
21. Which of the following statements about retirement is true:
22. Monitoring financial accounts and reading bank statements on a regular basis can help detect activities associated with
23. Janet, an employee with an advertising agency, has a question about an invoice she received. Who is the best person for Janet to contact to obtain the desired information?
24. Chris started working in a stable as a horse trainer, but later decided he would rather give riding lessons for a living. This is an example of a goal being
25. The inputs that allow businesses to operate are called economic

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