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Multiple Choice: Read each statement carefully. Write only the letter of the correct answer in your answer sheet. 1. It is a term that covers managing your money as well as saving and investing. A. Decision Making B. Financial Goal C. Personal Finance D. Short Term Goal 2. Saving money means giving up the opportunity cost to .U .wolod anoilcoup sun A. apply for credit cards B. have money in the future C. save money D. spend in the present nor how blo woll 3. What is term for the money you earn? God A. Expense B. Income C. Interest D. Savings 4. Personal Finance is the process of planning your A. financing B. investing C. spending D. all of these 5. In order to effectively manage money, you need a: A. Budget C. High paying job In Woll B. Computer D. Online checking account 6. The following are considered personal finance strategies EXCEPT: A. Create an Emergency Fund C. Limit Asset B. Devise a Budget D. Use Credit Cards Wisely 7. The three key principles in personal money management are: A. assessment, prioritization, and restraint B. assessment, control, and monitoring C. control, prioritization and assessment D. monitoring, assessment, and restraint 8. What percentage of your income do most financial gurus recommend saving? A. 10% or 15% B. 10% or 20 % C. 15% or 20 % D. 15% or 30% 9. Which of the following money management principles describe frugality? A. Large amounts matter more C. The perfect is the enemy of good B. Small amounts matter D. You are the boss of you. 10. Practice thrift, but always be looking for Big Wins, best illustrates what principle of saving? A. Large amounts matter more C. The perfect is the enemy of good B. Small amounts matter D. You are the boss of you. 11. Don't let one slip-up drag you down also means