Ch 9: Financial Resource Management

About This Chapter

Study financial resource management fundamentals with this collection of engaging lessons and quizzes. These study tools are designed to improve your understanding of these concepts for upcoming exams, assignments or any other academic need.

Financial Resource Management - Chapter Summary

If you're looking for an overview of financial resource management methods, this chapter is for you. These simple video lessons show you fundamental concepts that can help individuals better manage their financial resources. As you work through the chapter, you can expect to study financial asset types, liquidity and credit, financial goals, economic needs and more. Upon completion of the chapter, you should be able to:

  • Compare several types of financial assets, including money, stocks and bonds
  • Explain how personal assets and liabilities relate to net worth
  • Evaluate liquidity and credit in regards to money management
  • Recognize the components of effective financial goals
  • Differentiate between economic needs and wants
  • Determine how personal finance is affected by fiscal and monetary policy

These video lessons are typically less than ten minutes in length, which helps you quickly move through the chapter and take away essential finance concepts. Be sure to take the chapter exam, and feel free to submit questions to our instructors if you need any help with the lesson material. Your dashboard keeps track of your progress, and each lesson comes with a printable word-for-word transcript.

6 Lessons in Chapter 9: Financial Resource Management
Test your knowledge with a 30-question chapter practice test
Types of Financial Assets: Money, Stocks & Bonds

1. Types of Financial Assets: Money, Stocks & Bonds

For an economy to operate effectively, consumers and businesses need a common medium of exchange and mechanisms to encourage some people to save, others to borrow and others to invest. In any modern economy, these needs are met with money, stocks and bonds.

Net Worth: Personal Assets & Liabilities

2. Net Worth: Personal Assets & Liabilities

In this lesson, we'll discuss the components of a balance sheet: assets, liabilities and net worth. We'll define each, discuss the sub-categories and provide examples.

Money Management: Liquidity & Credit

3. Money Management: Liquidity & Credit

Whether it's for your small business or your personal finances, liquidity and credit are two critical financial concepts you need to understand. In this lesson, we'll define these two terms and discuss what they mean to you.

Financial Goal: Definition & Examples

4. Financial Goal: Definition & Examples

In this lesson, you will learn what financial goals are as well as look at some examples. Goal length and the steps to achieving financial goals will be discussed.

Economic Needs and Wants: Definition & Concept

5. Economic Needs and Wants: Definition & Concept

Everybody needs certain things, and everybody wants certain things. In this lesson, you'll learn about needs and wants from an economic perspective and explore different ethical considerations.

Effects of Fiscal & Monetary Policy on Personal Finance

6. Effects of Fiscal & Monetary Policy on Personal Finance

In this lesson, we'll define fiscal and monetary policy. We'll discuss the difference between loose and tight monetary policies and show you how each one can affect your personal finances.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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