1.Interest rates have no effect on your financial condition.

2.A job market is a place where employers and potential employees meet.

3.Coverage applies to the amount of protection you have through an insurance company in

the event of a loss.

4.Gross pay is theamount of money an employee receives in his/her pay envelopes.

5.Degree of uncertainty of return on an asset is called a risk.

6.Financial life stagewhen your income coming from investment and savings contribute at

least 20% of your total income is the asset allocation stage.

7.Bonds offer a fixed amount of interest for a fixed period of time.

8.Pay the biggest loan first. Being able to eliminate one debt will further strengthen your

resolve to pay all of your other loans.

9.Needs are man's basic requirements to be able to live.

10.Procrastination as anaction of delaying or postponing incurring expenses is an advantage.

11.Financial planning helps you determine only your short-term financial goals and create

balanced plan to meet those goals.

12.The power of budgeting as a principle of personal finance is knowing what you make and

knowing what you spend.

13.Personal finance includes self assessment of your assets, liabilities and personal equity among others.

14.The following are careers in the digital age, which is not ?

a)Computer systems analyst

b)Medical and health services personnel

c)Registered nurses

d)Seafarers

15.What are the advantages of having a credit card ?

a)It takes all the worry out of buying things, because you know the money will be there when you need it

b)You don't have to carry cash or wonder whether someone will accept your check.

c)It doesn't cost anything to use it

d)All of the above

16.The following are examples of employee benefits, which is not ?

a)Overtime payc)Hazard pay

b)Vacation and sick leaved)Honorarium pay

17.The difference between the wholesale price and retail price is called

a)Marketingc)Share

b)Mark-upd)Risk

18.It is the process of creating a plan to spend your money.

a)Budgetc)Career management

b)Budgetingd)Strategic plan

19.All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc

a)Mutual fundc)Trade school

b)Personal financed)Out-of-pocket expense

20.To buy an item with credit; paying over time

a)Brandingc)Portfolio

b)Financingd)Loan

21.The following are obstacles to financial freedom, which is not ?

a)Impulse buying

b)Unreasonable demands from parents and friends

c)Poor spending habit

d)Lack of financial viability

e)None of the above

22.The three types of budget are the following, which is not ?

a)Revolving budgetc)Surplus budget

b)Balanced budgetd)Deficit budget

23.The following are ways to invest your savings, which is not ?

a)In the bankd)bonds and stocks

b)On real estatese)All of the above

c)Pension plans

24.The following are classifications of mutual funds, which is not ?

a)Equity fundc)Stock fund

b)Balanced fundsd)Bond fund

25.This is your income from your "sidelines"

a)Active incomec)Additional income

b)Primary incomed)Passive income

26.Which of the following is expected to be the result of assessing and evaluating your assets ?

a)Your ability to meet current liabilities when they fall due

b)Your ability to meet non-current liabilities when they fall due

c)Your capacity to generate revenue

d)Your business performance

27.The following are useful guides in identifying alternative courses of action, which is not ?

a)Expand the current situationd)Change the current situation

b)Continue the same course of actione)Answer not given

c)Take a new course of action

28.The following are classified as passive income, which is not ?

a)Interest on bank deposits in the Philippines

b)Royalty income from books and literary arts

c)Prizes won in contest in the Philippines

d)Salary received as employee

e)Answer not given

29.A principle of personal finance that you should always have some of your money available

at a moment's notice to meet emergencies or unexpected needs.

a)Time value of moneyc)Importance of liquidity

b)Protect yourself and othersd) The power of budgeting