Finance 101: Chapter 1 Quiz and iClicker Questions

Which of the following elements influence your view of the financial world?

risk tolerance, how much you believe you control your financial future, and knowledge about personal finance topics.

Which of the following strategies is most likely to increase your confidence about your financial future?

saving money on a regular basis and paying down debt as quickly as possible.

Who is most likely to accumulate more wealth?

the person who is willing to take some risk after adequate research.

Which of the following refers to the "S" in SMART goals?

Specific

John recently earned $200 on an investment. Unfortunately, the investment fell in value, and he lost $200. Afterwards, John felt miserable. He hated losing the money much more than he enjoyed seeing the investment grow. John's experience is an example of:

loss aversion