QUESTION 1

This planning tool helps you track the progress you are making in building up your financial position - a. Income statement b. Financial portfolio c. Balance sheet d. Budget

Financial assets are ____, such as savings account and securities, that are acquired for some promised future return - a. Intangible assets b. None of the answer c. Tangible assets d. All of the answer

Syafiqah is a 24 years old single young junior executive. she wants to save enough money for a down payment on a home. For Syafiqah, this is classified as as:- a. All of the above b. Short term goal c. Medium term goal d. Long term goal

Financial success is:- a. Ability to realize minimum benefits from limited financial resource one have b. Ability to realize minimum benefits from all financial resources. c. Ability to realize maximum benefits from limited financial resources one have d. Ability to realize minimum benefits from all financial resources.

Among the 5 steps of financial planning, which step requires dedication?- a. Setting goals b. Assessment c. Creating plan d. Execution

All are the basic financial direction for an individual, except:- a. Future consumption b. Current consumption c. Savings d. Investments

For a married couple in their late 30's with children, a decision to buy a second car is categorized under? a. Short term goal b. Long term goal c. All of the answer d. Medium term goal

Adam, a college student has just graduated and is buying a stereo for his graduation gift and will start finding a job. His goal of finding a job is considered as a:- a. Short term goal b. All of the answer c. Medium term goal d. Long term goal