Chapter 1 and 2
What percentage of Americans who are living paycheck to paycheck?
A 60%
B 70%
C 80%
D 90%
C 80%
What of the following would be considered an emergency fund expense?
A lost cell phone
B video game sale
C blown car tire
D shoe sale
C blown car tire
_______________________ will often cause you to spend more than you've budgeted for a category.
A contentment
B opportunity cost
C impulse spending
D marketing
C impulse spending
A(n) ___________________ is a person who starts and runs a business.
A personal brand
B mentor
C hard skills
D entrepreneur
D
WHAT IS THE COLDEST PLACE ON EARTH?
Antarctica
Almost half of all Americans report having less than _________ in savings.
A $500
B $1000
C $5,000
D $10,000
B $1,000
What two elements do you need to build wealth through compound growth?
A an inheritance and a lawyer
B money invested and time
C money invested and good stocks
D time and a wealthy relative
B money invested and time
_____________________ is when someone else uses your personal information to commit fraud.
A retail therapy
B card fraud
C buyer's remorse
D Identity Theft
D identity theft
_______________ are things you learn in school or with special training to help in your career.
A soft skills
B personal brand
C Discovery
D hard skills
D
In sports, what is a MVP?
most valuable player
_______________ means having the knowledge and skills to manage your personal finances.
A Liability
B Financial Literacy
C Financial Plan
D Personal Finance
B financial literacy
The price of goods and services increases over time due to _______________.
A inflation
B compound growth
C interest rate
D time value of money
A inflation
Your brain uses the _____________ to process and manage stress response.
A prefrontal cortex
B amygdala
C impulse buying
D retail therapy
B amygdala
__________________ are personality traits that either come naturally to you or developed over time.
A hard skills
B personal brand
C soft skills
D sweet spot
C
THE MOST COMMON EYE COLOR IN THE WORLD IS?
brown
A ____________________________ should account for fixed, variable, intermittent, and discretionary expenses based on income.
A zero-based budget
B variable expense
C irregular income
D Gross income
A zero-based budget
if a loan isnt repaid, the ________________ of the borrower- used as security for the debt- could be sold by the lender.
A default
B depreciating asset
C lien
D collateral
D collateral
What's the main reason why people have trouble being content?
A comparison
B income
C marketing
D patience
A comparison
Your social media posts, your style, and your speech all help to build what?
A hard skills
B personal brand
C career
D resume
B
WHICH COUNTRY GIFTED THE STATUE OF LIBERTY TO THE UNITED STATES?
france
What's it called when you make money on the percentage of the total sales you make?
commission
The first step of the debt snowball method is to list all your debts ________________________.
A smallest to largest
B largest to smallest
C highest interest rate first
D lowest interest rate first
A smallest to largest
short, entertaining ads on social media are called what?
A retargeting
B content marketing
C snack videos
D Native advertising
C snack videos
Which of these is not considered a quality of a good mentor?
A accomplished
B caring
C wealthy
D understanding
C
WHAT IS THE NAME OF HAN SOLO'S SHIP IN STAR WARS?
MILLENNIUM FALCON