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Personal Financial Planning #1

Question 1 of 3

Q1 . What does pin stand for in terms of your credit or debit card?

A Personal Identification Number

B Professional Insurance Name

C Punctual Insurance Necessity

D Persistent Insistent Nonexistent

Q2 . What does the acronym CPI pertain to in terms of personal finance?

A Consumer Price Index

B Customers Pricing Individually

C Consumer Producers Index

D Controlling Production Independence

Q3 . What does the acronym S.M.A.R.T represent?

A Specific, Measurable, Action Oriented, Realistic, Timely

B Superficial, Measured, Acceptable, Renumbered, Tedious

C Special, Median, Adopted, Redistributed, Tenacious

D Studious, Men, Are, Really, Tired

Q4 . When you eat a special meal and attempt to recreate that meal and your satisfaction diminishes afterwards. That is an example of diminishing marginal utility.

A True

B False

Q5 . What does GDP represent?

A Gross Domestic Product

B General Domestic Production

C Generating Dollars Program

D Gross Distribution Positioning

Q6 . Which of the following best characterizes economic growth in an economy?

A When production is in a decline

B A condition of increasing production and consumption in the economy

C A slight consecutive decline in production

D Four quarter decrease in production

Q7 . Facebook is valued anywhere from 75 billion to 100 billion

A True

B False

Q8 . Long-term financial goals should last over five years.

A True

B False

Q9 . What type of investment would be buying Facebook stock?

A Stock Investment

B Savings Investment

C Bond Investment

D Government Bond Investment

Q10 . What is another name for Annual Percentage Rate or A.P.R.?

A Interest

B Savings

C Bonds

D Investments

Q11 . Intermediate financial goals should last between one to five years

A True

B False

Q12 . There are four quarters in the United States business cycle.

A True

B False

Q13 . Economics is the study of how wealth is created and distributed.

A True

B False

Q14 . What is the first step in building a financial portfolio for yourself?

A Determine your current financial situation

B Estimate your income and expenses ten years from now

C Create a financial excel sheet

D Decide what you want your job to be in the future

Q15 . What is a credit limit?

A A determined set amount of money on a credit card

B An overdraft protection number on your checking account

C A type of personal investment strategy

D A limited amount of personal net worth

Q16 . Which of the following do most Americans use to pay for a home loan?

A Using credit cards

B Repossessed Loans

C Car Loans from the Bank

D Mortgage Loans

Q17 . What is the one of the most popular forms of credit?

A Debit Cards

B Credit Cards

C Cash Money

D Checking Accounts

Q18 . When President Obama took office, the United States and most of the global economy was embroiled in a recession.

A True

B False

Q19 . What is a pin number?

A A specific number designed by the bank

B A specific and private number created by the card user

C A type of credit card

D A type of good luck charm

Q20 . A credit card that offers an adjustable APR is a good credit card

A True

B False

Q21 . There is no specific way to predict what the stock market is going to do.

A True

B False

Q22 . How long should short term goals last?

A One Week

B Less than One Year

C Two Years

D One Month

Q23 . What is a consequence of choice?

A Opportunity Cost

B Evaluation

C Scarcity

D Creativity

Q24 . What does I.P.O stand for in terms of financial public offerings in the stock market?

A Initial Public Offering

B Imagining Peaceful Offerings

C Investment Public Offering

D Institution Promises Olives

Q25 . How should you structure your investment portfolio?

A All savings accounts to minimize risk

B Balanced approach of stocks, mutual funds, bonds, and savings

C Relying only on Social Security from the government

D A strictly investment strategy utilizing only stock portfolios

Q26 . What is inflation?

A Representation of falling prices

B The total value of all goods

C A steady rise in the general level of prices

D Your actual real income

Q27 . You should never change or alter a financial plan regardless of the situation.

A True

B False

Q28 . What does A.P.R stand for?

A Annual Percentage Ratio

B Annual Percentage Rate

C Annuity Percentage Rate

D Actual Purchase Ratio

Q29 . What is diminished marginal utility?

A Refers to satisfaction decreasing with each use

B Refers to the opportunity cost of choosing apples overs pears

C Is a business term and does not impact personal finance

D Refers only to specific income taxes

Q30 . Which of the following is an example of a personal financial statement?

A Bank Statements

B Personal Budgets

C Cash Flow Statement

D All of the Above

E None of the Above

Q31 . Shopping around for a credit card is not something you should consider as a consumer

A True

B False

Q32 . When prices are rising, what must an individual's income also must do to keep pace?

A Decrease to provide purchasing stability

B Increase to match inflation

C Decrease to match productivity

D Remain the same

Q33 . What is financial literacy?

A The vocabulary needed to manage one's personal finances

B The ability to balance a check book

C The ability to accurately gauge A.P.R

D Understanding the rules of credit

Q34 . What is another name for nominal income?

A Money Income

B Income

C Deflation

D Inflation

Q35 . The United States is currently attempting to move out of which of the following economic cycles?

A Recession

B Depression

C Expansion

D Deceleration of Growth

Q36 . What is the name of the balance for your credit card?

A Average Daily Balance

B Interest Rate Charges

C Homeowners' Insurance

D A.P.R.

Q37 . What is the typical age for wealh accumulation for Americans?

A Age 10-24

B Ages 17-55

C Ages 55-75

D Ages 45-75

Q38 . How often should you review and revise your personal financial plans?

A Once a decade

B Once in high school, college, and prior to having a child

C Once a year

D Once a year or when significant events occur

Q39 . What does real income reflect?

A Minimal amount of purchasing power of companies

B Maximum purchasing power of money

C The buying power of your nominal income

Q40 . When inflation rises, the federal reserve attempts to print money to provide more dollars to individuals.

A True

B False

Q41 . Which company will be facing an I.P.O this upcoming spring?

A Google

B MySpace

C AT&T

D Facebook

Q42 . What is a recession?

A A decline in the business and governmental sector of the economy

B A severe downward phase of the economy

C A period of economic growth

D A period where expansion rivals production

Q43 . What does the GDP measure?

A The value of all expenditures by the United States Government

B The value of all goods and services produced by workers in the US

C The value of all goods and services produced by the government and United States workers

D The net value of all goods in the world

Q44 . When is the first quarter of the United States economic business cycle?

A January through April

B October through December

C October through January 31

D July through August

Q45 . What does pin stand for in terms of your credit or debit card?

A Personal Identification Number

B Professional Insurance Name

C Punctual Insurance Necessity

D Persistent Insistent Nonexistent

Q46 . What does the acronym CPI pertain to in terms of personal finance?

A Consumer Price Index

B Customers Pricing Individually

C Consumer Producers Index

D Controlling Production Independence

Q47 . What does the acronym S.M.A.R.T represent?

A Specific, Measurable, Action Oriented, Realistic, Timely

B Superficial, Measured, Acceptable, Renumbered, Tedious

C Special, Median, Adopted, Redistributed, Tenacious

D Studious, Men, Are, Really, Tired

Q48 . When you eat a special meal and attempt to recreate that meal and your satisfaction diminishes afterwards. That is an example of diminishing marginal utility.

A True

B False

Q49 . What does GDP represent?

A Gross Domestic Product

B General Domestic Production

C Generating Dollars Program

D Gross Distribution Positioning

Q50 . Which of the following best characterizes economic growth in an economy?

A When production is in a decline

B A condition of increasing production and consumption in the economy

C A slight consecutive decline in production

D Four quarter decrease in production

Q51 . Facebook is valued anywhere from 75 billion to 100 billion

A True

B False

Q52 . Long-term financial goals should last over five years.

A True

B False

Q53 . What type of investment would be buying Facebook stock?

A Stock Investment

B Savings Investment

C Bond Investment

D Government Bond Investment

Q54 . What is another name for Annual Percentage Rate or A.P.R.?

A Interest

B Savings

C Bonds

D Investments

Q55 . Intermediate financial goals should last between one to five years

A True

B False

Q56 . There are four quarters in the United States business cycle.

A True

B False

Q57 . Economics is the study of how wealth is created and distributed.

A True

B False

Q58 . What is the first step in building a financial portfolio for yourself?

A Determine your current financial situation

B Estimate your income and expenses ten years from now

C Create a financial excel sheet

D Decide what you want your job to be in the future

Q59 . What is a credit limit?

A A determined set amount of money on a credit card

B An overdraft protection number on your checking account

C A type of personal investment strategy

D A limited amount of personal net worth

Q60 . Which of the following do most Americans use to pay for a home loan?

A Using credit cards

B Repossessed Loans

C Car Loans from the Bank

D Mortgage Loans

Q61 . What is the one of the most popular forms of credit?

A Debit Cards

B Credit Cards

C Cash Money

D Checking Accounts

Q62 . When President Obama took office, the United States and most of the global economy was embroiled in a recession.

A True

B False

Q63 . What is a pin number?

A A specific number designed by the bank

B A specific and private number created by the card user

C A type of credit card

D A type of good luck charm

Q64 . A credit card that offers an adjustable APR is a good credit card

A True

B False

Q65 . There is no specific way to predict what the stock market is going to do.

A True

B False

Q66 . How long should short term goals last?

A One Week

B Less than One Year

C Two Years

D One Month

Q67 . What is a consequence of choice?

A Opportunity Cost

B Evaluation

C Scarcity

D Creativity

Q68 . What does I.P.O stand for in terms of financial public offerings in the stock market?

A Initial Public Offering

B Imagining Peaceful Offerings

C Investment Public Offering

D Institution Promises Olives

Q69 . How should you structure your investment portfolio?

A All savings accounts to minimize risk

B Balanced approach of stocks, mutual funds, bonds, and savings

C Relying only on Social Security from the government

D A strictly investment strategy utilizing only stock portfolios

Q70 . What is inflation?

A Representation of falling prices

B The total value of all goods

C A steady rise in the general level of prices

D Your actual real income

Q71 . You should never change or alter a financial plan regardless of the situation.

A True

B False

Q72 . What does A.P.R stand for?

A Annual Percentage Ratio

B Annual Percentage Rate

C Annuity Percentage Rate

D Actual Purchase Ratio

Q73 . What is diminished marginal utility?

A Refers to satisfaction decreasing with each use

B Refers to the opportunity cost of choosing apples overs pears

C Is a business term and does not impact personal finance

D Refers only to specific income taxes

Q74 . Which of the following is an example of a personal financial statement?

A Bank Statements

B Personal Budgets

C Cash Flow Statement

D All of the Above

E None of the Above

Q75 . Shopping around for a credit card is not something you should consider as a consumer

A True

B False

Q76 . When prices are rising, what must an individual's income also must do to keep pace?

A Decrease to provide purchasing stability

B Increase to match inflation

C Decrease to match productivity

D Remain the same

Q77 . What is financial literacy?

A The vocabulary needed to manage one's personal finances

B The ability to balance a check book

C The ability to accurately gauge A.P.R

D Understanding the rules of credit

Q78 . What is another name for nominal income?

A Money Income

B Income

C Deflation

D Inflation

Q79 . The United States is currently attempting to move out of which of the following economic cycles?

A Recession

B Depression

C Expansion

D Deceleration of Growth

Q80 . What is the name of the balance for your credit card?

A Average Daily Balance

B Interest Rate Charges

C Homeowners' Insurance

D A.P.R.

Q81 . What is the typical age for wealh accumulation for Americans?

A Age 10-24

B Ages 17-55

C Ages 55-75

D Ages 45-75

Q82 . How often should you review and revise your personal financial plans?

A Once a decade

B Once in high school, college, and prior to having a child

C Once a year

D Once a year or when significant events occur

Q83 . What does real income reflect?

A Minimal amount of purchasing power of companies

B Maximum purchasing power of money

C The buying power of your nominal income

Q84 . When inflation rises, the federal reserve attempts to print money to provide more dollars to individuals.

A True

B False

Q85 . Which company will be facing an I.P.O this upcoming spring?

A Google

B MySpace

C AT&T

D Facebook

Q86 . What is a recession?

A A decline in the business and governmental sector of the economy

B A severe downward phase of the economy

C A period of economic growth

D A period where expansion rivals production

Q87 . What does the GDP measure?

A The value of all expenditures by the United States Government

B The value of all goods and services produced by workers in the US

C The value of all goods and services produced by the government and United States workers

D The net value of all goods in the world

Q88 . When is the first quarter of the United States economic business cycle?

A January through April

B October through December

C October through January 31

D July through August

From Classroom to Quiz Stardom

When James Wilson first created a quiz on ancient civilizations for his high school history class, he never imagined it would lead to a side career as one of QuizMaker's most successful creators.

Three years and over 200 quizzes later, James's 'History Mysteries' series has amassed more than 2 million plays and a dedicated following of history enthusiasts from around the world.

Finding a Niche in Historical Puzzles

James's approach combines historical accuracy with engaging storytelling and problem-solving elements. 'I wanted to create quizzes that weren't just about memorizing dates and names,' he explains. 'Each quiz tells a story and invites players to solve a historical mystery or puzzle.'

This unique format has resonated with players who might not typically be drawn to history content, helping James build an audience beyond traditional history buffs.

Building a Community Around Historical Content

Beyond creating engaging quizzes, James has built a thriving community through his dedicated social media channels and a monthly newsletter where he shares historical facts, behind-the-scenes research, and previews of upcoming quizzes.

'The community aspect has been the most rewarding part,' James says. 'I receive messages from students saying my quizzes helped them develop a love for history, and from older adults who enjoy testing their knowledge and learning new things.'

Monetization Strategy

While James started creating quizzes as a teaching tool, they've now become a significant source of income. Through a combination of premium quizzes, sponsorships from educational companies, and affiliate marketing for history books and courses, he's been able to generate substantial revenue.

'Last year, my quiz income actually exceeded my teaching salary,' James reveals. 'It's allowed me to reduce my teaching hours and focus more on creating high-quality educational content.'