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Chapter 14: Personal Finance Quiz
Test your knowledge of the personal finance chapter material!
1 / 10
Which of the following is not a reason taking a personal financial planning course would benefit you as a reporter?
Answer can be found on page 147.
Correct! Taking courses will give you a firm foundation in personal finance, but as a reporter it is still not your job to give advice to people for their specific situations.
2 / 10
Which of the following questions should you not answer as a personal finance reporter?
Correct! Beyond basic questions, the best way to answer a reader’s request for detailed financial advice is to suggest that they seek out an adviser.
3 / 10
Who is required to put the client’s interests ahead of their own at all times when providing personal finance advice?
Answer can be found on page 148.
Correct!
4 / 10
What does AGI stand for?
Answer can be found on page 152.
Correct! This is used to determine your taxable income.
5 / 10
True or false: Economists do not declare the market “recovered” until all consumers are past the financial crisis.
Even years after a financial crisis has transpired, many consumers feel that the recovery has passed them by when economists declare the market “recovered.” Read more on page 146.
Correct! Even years after a financial crisis has transpired, many consumers feel that the recovery has passed them by when economists declare the market “recovered.”
6 / 10
Why is it a good idea to meet financial professionals in your community?
Answer can be found on page 149.
7 / 10
True or false: There’s no such thing as high returns without any risk.
Read more on page 147.
8 / 10
True or false: You can accurately predict the direction of interest rates and financial markets.
Read more on page 151.
9 / 10
True or false: Personal finance reporters are not personal finance advisors.
10 / 10
What’s a good way to make more local connections?
Answer can be found on page 150.
Your score is
The average score is 90%
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