Test your knowledge of financial management by answering the following questions.
Question 1:
Net worth is defined as:
A – Your income minus your liabilities – false
B – Your gross income minus your expenses – false
C – Your assets minus your liabilities – true
Question 2:
Implementing an estate plan begins with:
A – Having heirs – false
B – true Writing a will – true
C – Assigning an executor – false
Question 3:
When setting financial goals they should be:
A – Broad, measurable and have a definite timetable – false
B – Conceptual, measurable, achievable and have a definite timetable – false
C – Written, specific, measurable, achievable and have a definite timetable – true