Copyright

Personal Financial Advisors & Financial Decision Making

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The process of budgeting closely mirrors which financial statement?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What is the correlation between a high credit score and loan interest rates?

2. Mark is purchasing a new car and is taking out a $25,000 loan to do so. Which component of a loan is the $25,000?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

What do you know about managing your finances? These assessments focus on key terms and facts regarding budgeting, retirement and loans.

Quiz & Worksheet Goals

You will be quizzed on:

  • Which financial statement is connected to budgeting
  • How a high credit score and loan interest rates are related
  • The part of a loan that is considered a fee for borrowing money
  • An employer sponsored retirement plan
  • A term for the amount of money borrowed in a loan

Skills Practiced

  • Information recall - access the knowledge you've gained about loan components
  • Making connections - understand the concept of budgeting
  • Interpreting information - ensure that you can read information about employer sponsored retirement plans and interpret it correctly

Additional Learning

To learn more about this topic review the lesson called Personal Financial Advisors & Financial Decision Making. Lesson objectives include:

  • Define discretionary income
  • Explain what credit enables people to do
  • Give some examples of common expenses
  • Point out how long car and home loans typically last
Support