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College Personal Finance Questions

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College Personal Finance
Which of the following statements is false?
  1. Being aware of your money personality will help you create a money plan that works for you.
  2. If you value freedom and spontaneity, you’re more likely to be a saver.
  3. When handling money, it can be difficult to balance who you are with what you should do.
  4. When it comes to relating with others about money, it’s important to also consider their values.
College Personal Finance
Which of the following should be a consideration when selecting a nonprofit to which you’d like to contribute?
  1. How well-run the organization is
  2. Your values and beliefs
  3. The charity’s commitment to accountability and transparency
  4. All of the above
College Personal Finance
The time between the disabling event and the beginning of payments in your disability coverage is called:
  1. Deductible
  2. Elimination period
  3. Out of pocket
  4. Stop gap
College Personal Finance
Which of the following statements is false?
  1. A gift to a qualified charitable organization may entitle you to a tax deduction.
  2. You should document your charitable contributions for tax purposes.
  3. All charitable organizations qualify for a charitable contribution deduction.
  4. A contribution to a qualified charity is deductible in the year in which it is paid.
College Personal Finance
For each debit, there is an equal and opposite credit, and the total of all debits must equal the total of all credits. This describes which bookkeeping system?
  1. Single-entry bookkeeping
  2. Double-entry bookkeeping
  3. Computerized bookkeeping
  4. Trial balance bookkeeping
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