Have an account?
Skip to Content
Build your own quiz
Suggestions for you
14 questions
Show Answers
See Preview
- 1. Multiple Choice
The ability to easily convert financial assets into cash
Solvency
Liquidity
Accessibility
None of the above
- 2. Multiple Choice
Financial Success is primarily the result of setting long term goals and developing a plan to achieve them
True
False
- 3. Multiple Choice
What is the first step in building a financial portfolio for yoourself
Estimate your income and expenses
Determine your current financial situation
Decide what you want your job to be in the future
create a financial excel sheet
- 4. Fill in the Blank
The process of managing your money to achieve personal economic satisfaction. arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals
- 5. Multiple Choice
A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities
Balance Sheet
Cash Flow Statement
Budget
Financial plan
- 6. Fill in the Blank
A rise in the general level of prices
- 7. Multiple Choice
Types of financial goals
short-term goals: within next year
Intermediate goals: two to seven years
Long-term goals: more than seven years
None of the above
- 8. Fill in the Blank
Acronym of SMART Goals
- 9. Multiple Choice
the things you want to accomplish.
Mission
Goals
Target
Strategy
- 10. Multiple Choice
The original amount of money on deposit.
Principal
Premium
Capital
Returns
- 11. Multiple Choice
Which of the following is not an example of a personal financial statement
Bank Statement
Personal Budgets
Cashflow Statements
Ledger Statment
- 12. Multiple Choice
Generally accepted finance principles would support which of the following statements
‘High return generally equals high risk’
‘High return generally equals low risk’
‘High risk is generally inversely related to high return’
D. ‘Low return generally equals high risk’
- 13. Multiple Choice
The lowest level of business activity occurs during which of the following phases in the business
cycle?
Boom or expansion phase
Recession phase
Recovery phase
Contraction phase
- 14. Fill in the Blank
A forecast or estimate of the future receipts or payments is called
- Answer choicesTagsAnswer choicesTags