Multiple Choice: Read each statement carefully.
answer in your answer sheet.
1. The expenses listed below all reduce the amount of cash an individual has available
for saving and investing EXCEPT
A. Entertainment
B. Food
2. This relates to the purchase of assets that are expected to generate a rate of return,
with the hope that over time the individual will receive back more money than they
originally invested.
B. Investing
D. Saving
C. Stocks
D. Travel
A. Income
C. Protection
3. What area of personal finance is Life insurance?
A. Income
B. Investing
C. Protection D. Saving
4. These sources of income all generate cash that an individual can use to either
spend, save, or invest EXCEPT
A. Bonuses
B. Hourly wages
C. Mutual funds D. Taxes
5. This refers to a source of cash inflow that an individual receives and then uses to
support themselves and their family.
A. Income
B. Investing C. Saving
D. Spending​