LIFC 603 Quiz 1

LIFC 603 Quiz 1

LIFC 603 Quiz 1 Introduction and Psychology

1. Some common assets include:
2. percent of undergraduates have a credit card debt with an average of $2,000.
3. Which of the following is not an ethical standard for a Financial Life Coach?
4. Key(s) to a successful marital relationship when dealing with money issues include(s):
5. The United States has the highest savings rate in the industrialized world.
6. A cash flow statement is a summary of cash inflows and outflows over a period of time.
7. The topic of money is mentioned over 2,000 in the Bible.
8. Christian Financial Coaches ARE which of the following?
9. Which of the following indicates how much of a person’s monthly income goes to cover debt?
10. There is much research that demonstrates the existence of a relationship between material wealth and happiness.
11. The following are all true of the Early Earning Stage of life except:
12. The U.S. consumer debt reached 2.55 trillion dollars in 2007.
13. All of the following are true of the Retirement life phase except:
14. People who place an emphasis on material possessions experience high levels of which of the following:
15. Money issues are the number one cause of divorce in the United States.
16. Investments are assets set aside for immediate use.
17. Psychopathological money personalities include all of the following except:
18. The definition of a Christian Financial Coach includes which of the following:
19. The APA determined that financial concerns are the number one cause of stress in American’s lives.
20. All of the following are stages of Change Model except:
21. All of the following are stages of grief except:
22. A debt ratio shows the relationship between debt and net worth.
23. Examples of current liabilities include all of the following except:
24. Items of value minus what you owe equals your personal net worth.
25. In the pre-retirement phase, most people become less conservative about asset allocation.