LIFC 603 Exam 1

LIFC 603 Exam 1 Liberty University

1. All of the following are stages of grief except:
2. Psychopathological money personalities include all of the following except:
3. The topic of money is mentioned over 2,000 in the Bible.
4. The United States has the highest savings rate in the industrialized world.
5. A debt ratio shows the relationship between debt and net worth.
6. Which of the following indicates how much of a person’s monthly income goes to cover debt?
7. Examples of current liabilities include all of the following except:
8. People who place an emphasis on material possessions experience high levels of which of the following:
9. Money issues are the number one cause of divorce in the United States.
10. Liabilities are:
11. Items of value minus what you owe equals your personal net worth.
12. The definition of a Christian Financial Coach includes which of the following:
13. The following are all true of the Early Earning Stage of life except:
14. In the pre-retirement phase, most people become less conservative about asset allocation.
15. There is much research that demonstrates the existence of a relationship between material wealth and happiness.
16. The U.S. consumer debt reached 2.55 trillion dollars in 2007.
17. All of the following are true of the Retirement life phase except:
18. All of the following are stages of Change Model except:
19. Components of a cash flow statement include all of the following except:
20. Christian Financial Coaches ARE which of the following?
21. Investments are assets set aside for immediate use.
22. ____ percent of undergraduates have a credit card debt with an average of 2,000.
23. The APA determined that financial concerns are the number one cause of stress in American’s lives.
24. Key(s) to a successful marital relationship when dealing with money issues include(s):
25. To be a successful Financial Coach you must know every financial concept available.