Survey Maker Survey Templates Contact Privacy & Security

Personal Financial Planning

The term personal financial planning generally implies:

The achievement of a financial outcome within a specified time period

Successfully gaining a job promotion

Winning the lottery within a specified time period

Spend more than you earn

A period of negative savings where income does not meet the required level of expenditures could also be regarded as:

An Asset.

An Increase in equity.

Savings surplus.

Savings deficit.

An ordinary annuity is characterized by:

A series of cash flows that are identical in amount and occur at the end of consecutive time periods.

A series of cash flows that are identical in amount and occur at the start of consecutive time periods .

A single cash flow that occurs at the end of a particular time period and is accumulated over multiple time periods.

None of the choices above are correct.

Which ratio calculates the percentage of assets owned from total assets?

Savings ratio

Debt Service ratio

Net Worth ratio

Liquidity ratio

A Balance Sheet:

Indicates all the sources of INCOME and EXPENSES to determine SAVINGS or DEFICIT.

Indicates the ASSETS and LIABILITIES to derive the NET WORTH.

{"name":"Personal Financial Planning", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"The term personal financial planning generally implies:, A period of negative savings where income does not meet the required level of expenditures could also be regarded as:, An ordinary annuity is characterized by:","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}