knowledge in 18. Which of the following best describes choice making a. Selecting from different kinds and types b. Applying your free will when choosing a good or commodity c. Selecting the kind of good that satisfies you most d. None of the above 19. Which of the following is NOT a benefit an individual could derive from having e in personal finance? a. Students and individuals gain knowledge in savings b. Students and individuals can make good investment decisions c. Students and individuals would know how to retire d. Students and individuals would have a better chance of dealing with financial challenges they face 20. Which of the following concepts is the most important concept in personal finance? a. Time Value of Money b. Opportunity Cost c. Marginal Utility d. None of the above 21. Emefa, believes that she's out going, and loves talking with people, meanwhile she is thinking of taking a position as a banker but she's not certain which position to specifically apply for. How best can you describe the state in which she is in? a. Drawing up a career plan b. Assessing the position that will fetch more c. Assessing her values and interest d. None of the above 22. An income that is not spent on current consumption is termed as a, unspent income b. investment c. banking d. saving 23. An economy at the peak means a. the expansion stage of that economy has ended b. the expansion stage of that economy is about ending c. the expansion stage of that economy is at its highest d. the expansion stage of that economy is at its lowest 24. Select the odd one out a. Funds allocation b. Borrowing c. Internal auditing d. Tax payment 25. An individual who is able to avoid financial mistakes and could take advantage of financial opportunities could be described as being a. Financially knowledgeable b. Financially successful c. Financially responsible d. Financially happy 26. Which of the following best describes an individual who is financially successful? a. Having regular income b. Having extra income to save 4 of 5 c. Taking advantage of various financial benefits available d. All of the above 24. Akosua wants has graduated and thinking of what job she should go for. You are her friend which of the following would you suggest she adopts? a. She should consider the job that pays well b. She should look at her strengths and what she loves doing c. She should look out for flexible jobs to have time for herself d. She should establish her own business 25. Career planning becomes most important in which of the following economies? a. An economic at its peak b. A growing and expanding economy c. An economy at the trough d. A slowing economy