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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
True or false: You can accurately predict the direction of interest rates and financial markets.
Read more on page 151.
Correct!
3 / 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.
4 / 10
True or false: For the majority of Americans, paycheck increases more than cover the increased costs brought on by the rate of inflation.
Read more on page 146.
5 / 10
Why is it a good idea to meet financial professionals in your community?
Answer can be found on page 149.
6 / 10
True or false: Personal finance reporters are not personal finance advisors.
Read more on page 147.
7 / 10
True or false: There’s no such thing as high returns without any risk.
8 / 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.
9 / 10
True or false: A stockbroker and an investment advisor are the same thing.
Stockbrokers and investment advisors are regulated by different standards. Read more on page 148.
Correct! Stockbrokers and investment advisors are regulated by different standards.
10 / 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.”
Your score is
The average score is 90%
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