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