1. Which is an example of an asset?

A- Student loans

B- Car payments

C- Laptop

D- Electricity bill

2. Which financial statement allows you to find your net cash flow for a specific period?

A- Personal Cash Flow Statement

B- Balance Sheet

C- Expense Statement

D- Net Worth Statement

3. What is a good way to keep track of spending?

A- Keep a spending journal

B- Don't think; just spend

C- Have your parents pay for everything

D- Trust someone else keep track of it for you

4. Is it worth it, from a financial perspective, to go to college and pursue a degree?

A- Yes - your future earnings will more than make up for the opportunity costs involved

B- No - college can cost too much to make it a good investment

C- If you plan to study hard and get good grades

D- If you do not have to borrow money to pay for it

5. What is a budget?

A- A checkbook

B- The balance you have at the end of every month

C- Estimated income and expenditures in a given period

D- Something you don't need

6. Sustainable consumption is defined as what?

A- Living within your means

B- Spending all your money

C- Setting a specific spending limit

D- Consuming more goods, but cheaply

7. The median annual earnings for full-time workers age 25 and older in 2009 was $8,805 higher for someone with an associate's degree than for someone with

A- a bachelor's degree.

B- a high school degree.

C- a graduate degree.

D- a PH.D.