Financial literacy exam - Study guides, Class notes & Summaries

W!SE Financial literacy Exam Questions and Answers

WISE FINANCIAL LITERACY TEST NEWEST 2024 ACTUAL EXAM COMPLETE 60 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

GEB 3006 Financial Literacy Exam Questions With Complete Solutions

Financial Literacy Exam With Complete Solutions

GEB 3006 Financial Literacy Exam Study Questions And Answers Financial goal revenues > expenses Business run your financial life like a: Saver and spender the two personality types 3 months how long of a time period should money be kept for emergencies

Consumer - A person or organization that uses a product or service Credit - The granting of a loan and the creation of debt; any form of deferred payment Debt - An obligation of repayment owed by one party (the debtor/borrower) to a second party (the creditor/lender); in most cases this includes repayment of the original loan amount plus interest Economy - A system by which goods and services are produced and distributed Financial Literacy - The knowledge and skillset necessary to be an inf...

GEB 3006 exam 3 financial literacy Exam Questions and Answers

What is not the best way to solve your financial problems? spending less than you earn accumulating debt creating a budget earning money - Answer-Accumulating debt Understanding and implementing sound money-management principles contributes to which of the following? financial success staying out of debt distinguishing needs from wants all of the above - Answer-all of the above When is the best time to start learning about money management? when you start earning money when you ...

Consumer - Answer-A person or organization that uses a product or service Credit - Answer-The granting of a loan and the creation of debt; any form of deferred payment Debt - Answer-An obligation of repayment owed by one party (the debtor/borrower) to a second party (the creditor/lender); in most cases this includes repayment of the original loan amount plus interest Economy - Answer-A system by which goods and services are produced and distributed Financial Literacy - Answer-The kno...

Balance Sheet - Answer-A financial statement that reports assets, liabilities, and owner's equity on a specific date. Income Statement - Answer-A financial statement showing the revenue and expenses for a fiscal period. START OF EXAM 1 T/F: Once a sound financial plan is in place, there should be no need to ever change it. - Answer-FALSE Being financially secure involves balancing what you earn with A) your investments. B) what you spend. C) your retirement plans. D) your cur...