Assess Yourself
Are you ready to take this lesson's quiz? The questions below will help you find out. Make sure you understand why each correct answer is correct—if you don't, review that part of the lesson.
What is one advantage of using a mobile app as a money management tool?
- Some mobile apps charge a fee while others are free.
- You can check your finances no matter where you are.
- Some mobile apps may not be secure.
- There may be no one to talk to if you have a problem.
Mobile apps give you easy access, as you can use the app anytime.
Mobile apps give you easy access, as you can use the app anytime.
Mobile apps give you easy access, as you can use the app anytime.
Mobile apps give you easy access, as you can use the app anytime.
Sylvia wants to open an account to start investing in the stock market. What type of service would she need from a financial institution?
- banking services
- financial advice services
- brokerage services
- finance company
A financial institution is a company that deals with monetary transactions such as deposits and loans and also offers financial advice.
A financial institution is a company that deals with monetary transactions such as deposits and loans and also offers financial advice.
A financial institution is a company that deals with monetary transactions such as deposits and loans and also offers financial advice.
A financial institution is a company that deals with monetary transactions such as deposits and loans and also offers financial advice.
Which term BEST describes the concept of the future value of money?
- "show me the money"
- money management
- time value of money
- principles of money
A dollar today is worth more than a dollar in the future.
A dollar today is worth more than a dollar in the future.
A dollar today is worth more than a dollar in the future.
A dollar today is worth more than a dollar in the future.
Marissa is looking for a new financial advisor. What is the most important factor to consider when choosing a financial advisor?
- They should hold a certification in financial planning.
- They should live in the same town as you.
- They should be good with computers.
- They should work for a reputable firm.
A financial planner is a professional who takes inventory of your finances, then creates a plan to help you reach your goals for a secure financial future.
A financial planner is a professional who takes inventory of your finances, then creates a plan to help you reach your goals for a secure financial future.
A financial planner is a professional who takes inventory of your finances, then creates a plan to help you reach your goals for a secure financial future.
A financial planner is a professional who takes inventory of your finances, then creates a plan to help you reach your goals for a secure financial future.
Jack has had problems with keeping his income and expenses in order. He wants to use a financial software system to help him with this. Which specific benefit of using financial software would help him in this situation?
- tracking investments
- setting up a budget
- visiting a location if needed
- linking all his financial accounts
Financial software is a tool that helps you become efficient at managing your money and includes tracking your expenses, budgeting, saving, investing, and checking your credit score.
Financial software is a tool that helps you become efficient at managing your money and includes tracking your expenses, budgeting, saving, investing, and checking your credit score.
Financial software is a tool that helps you become efficient at managing your money and includes tracking your expenses, budgeting, saving, investing, and checking your credit score.
Financial software is a tool that helps you become efficient at managing your money and includes tracking your expenses, budgeting, saving, investing, and checking your credit score.
A person using a mobile financial application notices how much easier the mobile version of the software is. Which benefit of a mobile financial app does this demonstrate?
- security
- ease of use
- organization
- fees
Using mobile versions of apps can make it easier to check your financial accounts.
Using mobile versions of apps can make it easier to check your financial accounts.
Using mobile versions of apps can make it easier to check your financial accounts.
Using mobile versions of apps can make it easier to check your financial accounts.
Summary
Questions answered correctly:
Questions answered incorrectly:
