Chapter 01 - Personal Finance Basics and the Time Value of Money
Personal Finance Basics and the Time Value of Money
True / False Questions
1. Financial planning has specific techniques that will be effective for every individual and
The time value of money is best defined as:
A. The compensation provided for investing money for a given period.
B. The concept that investing is always superior to consumption.
C. The concept that the value of the exchange rate varies ov
Which of the following is the market-established worth of a product or a financial instrument?
A. Market value
B. Fair value
C. Cash flow
E. Book value
Which of the following best defines personal finance?
A. The study o