Personal Financial Advisors & Financial Decision Making


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question 1 of 3

The process of budgeting closely mirrors which financial statement?

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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?

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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