Question 1

Your financial health will _________________ throughout your life.

Accepted Answer

A)  remain stable
B)  decrease
C)  increase
D)  fluctuate

Question 2

Lily just received her student loan.The first thing she should do is ___________.

Accepted Answer

A)  buy herself a vehicle
B)  take her boyfriend out to a nice dinner
C)  put it in the bank and forget about it
D)  subtract the necessities from the full amount and then divide the extra over eight months

Question 3

Nearly __________ of students are concerned about their ability to pay for their education.

Accepted Answer

A)  56%
B)  60%
C)  66%
D)  70%

Question 4

Final exams are over and Alex is looking for a summer job to help him pay for school next year.However,since the economic downturn,he is finding it hard to find a job because _________.

Accepted Answer

A)  he is looking for a relatively high-paying job
B)  he is competing with a lot of other people who have lost their jobs
C)  he is too qualified to do manual labour
D)  he can't fit work into his busy social calendar. B

Question 5

If you owe money,it is important to _______________ to avoid extra charges.

Accepted Answer

A)  make your payments on time
B)  avoid obtaining another credit card
C)  make your minimum payment
D)  obtain a loan to pay off debts

Question 6

Julie,who is on antipsychosis medication for her manic episodes,has been getting her finances under control.She is able to do this because she _________.

Accepted Answer

A)  is on long-term disability
B)  is now able to work and earn money
C)  is no longer spending her money on frivolous items
D)  no longer has the misconception that her financial means are greater than they are

Question 7

A discretionary purchase is one that __________.

Accepted Answer

A)  is a necessity
B)  is frivolous
C)  you weight the pros and cons of making
D)  someone else makes on your behalf

Question 8

One definition of financial wellness states it is "a way in which to measure the overall financial aspect of an individual that includes the amount of assets they own and how much income ________"

Accepted Answer

A)  they can save in the course of one year
B)  they must pay out to cover regular and other expenses
C)  they get deducted in income taxes
D)  is allocated to pay for their mortgage

Question 9

What steps can you take to reduce your financial stress?

Accepted Answer

1.Develop a realistic budget.After track...

Question 10

Explain how some mental illnesses,such as being manic,can lead to loss of financial health.

Accepted Answer

People who have an uncontrolled mental illness may experience a loss of perspective about their finances.In the case of a person who is manic,he or she has an inflated self-esteem and this may lead to them deluding themselves as to how much money they actually have,so they overspend.Overspending leads to debt and poor financial health.

Question 11

If you feel guilty about your discretionary purchases you may suffer from _____________.

Accepted Answer

A)  a guilty conscience
B)  bipolar disorder
C)  gambling addiction
D)  a loss of control

Question 12

The first step to developing a realistic budget is to ______________.

Accepted Answer

A)  track your expenses for one month
B)  look for cheaper housing
C)  sell your car
D)  stop buying organic foods

Question 13

Jolene enjoys her daily iced coffee from her local barista.The end of the semester is coming up and she is running out of student loan money yet she continues to purchase them.What type of personality does Jolene have?

Accepted Answer

A)  outgoing
B)  introvert
C)  selfless
D)  addictive

Question 14

A(n) _________ personality is one that will seek the thing it is addicted to without regard for personal wellbeing or financial health.

Accepted Answer

A)  approachable
B)  gregarious
C)  addictive
D)  outgoing

Question 15

Discuss three ways you can deal with stress resulting from your financial situation.

Accepted Answer

1.Do not hide from your personal financial stress.It doesn't go away unless you do something about it.
2.Be realistic and recognize that all stress cannot be completely eliminated.Examine your personal attitudes and behaviours towards your finances and realize that you can manage your response to the stress.
3.Try to recognize stress from financial overload early so you can minimize its harmful effects.

Question 16

____________________ can lead to extensive stress in students that can negatively affect their physical and mental health.

Accepted Answer

A)  Financial debt
B)  Poor grades
C)  Interpersonal issues
D)  Parental expectations

Question 17

Suki is an international student and,as such,is unable to work in Canada unless he gets a job on campus.His family supplied him with some spending money but it is quickly running out.Suki is starting to feel symptoms of ____________.

Accepted Answer

A)  financial illness
B)  financial unrest
C)  extreme stress
D)  reflexive calm

Question 18

After you record your spending for a month you should _____________.

Accepted Answer

A)  Continue spending as you have been
B)  Reflect and excuse certain purchases because you really needed them
C)  Reflect and evaluate if you are spending your money in healthy ways
D)  Try to get your friends to purchase your next coffee for you

Question 19

In order to maintain your financial health,you need to know _____________.

Accepted Answer

A)  the amount of money you have
B)  the amount of money you owe
C)  how much money your family will give you in case of emergency
D)  the amount of money you have vs the amount that you owe

Question 20

When most people get a raise they end up ___________.

Accepted Answer

A)  saving the extra money
B)  rewarding themselves
C)  donating the first paycheque
D)  investing the money

Exam 23: Focus on Financial Health

Your financial health will _________________ throughout your life.

Correct Answer
verified

Lily just received her student loan.The first thing she should do is ___________.

Correct Answer
verified

Nearly __________ of students are concerned about their ability to pay for their education.

Correct Answer
verified

Final exams are over and Alex is looking for a summer job to help him pay for school next year.However,since the economic downturn,he is finding it hard to find a job because _________.

Correct Answer
verified
B

If you owe money,it is important to _______________ to avoid extra charges.

Correct Answer
verified

Julie,who is on antipsychosis medication for her manic episodes,has been getting her finances under control.She is able to do this because she _________.

Correct Answer
verified

A discretionary purchase is one that __________.

Correct Answer
verified

One definition of financial wellness states it is "a way in which to measure the overall financial aspect of an individual that includes the amount of assets they own and how much income ________"

Correct Answer
verified

What steps can you take to reduce your financial stress?

Correct Answer
verified
1.Develop a realistic budget.After track...
View Answer

Explain how some mental illnesses,such as being manic,can lead to loss of financial health.

If you feel guilty about your discretionary purchases you may suffer from _____________.

Correct Answer
verified

The first step to developing a realistic budget is to ______________.

Correct Answer
verified

Jolene enjoys her daily iced coffee from her local barista.The end of the semester is coming up and she is running out of student loan money yet she continues to purchase them.What type of personality does Jolene have?

Correct Answer
verified

A(n) _________ personality is one that will seek the thing it is addicted to without regard for personal wellbeing or financial health.

Correct Answer
verified

Discuss three ways you can deal with stress resulting from your financial situation.

____________________ can lead to extensive stress in students that can negatively affect their physical and mental health.

Correct Answer
verified

Suki is an international student and,as such,is unable to work in Canada unless he gets a job on campus.His family supplied him with some spending money but it is quickly running out.Suki is starting to feel symptoms of ____________.

Correct Answer
verified

After you record your spending for a month you should _____________.

Correct Answer
verified

In order to maintain your financial health,you need to know _____________.

Correct Answer
verified

When most people get a raise they end up ___________.

Correct Answer
verified

Exam 23: Focus on Financial Health

Your financial health will _________________ throughout your life.

Correct AnswerverifiedShow Answer

Lily just received her student loan.The first thing she should do is ___________.

Correct AnswerverifiedShow Answer

Nearly __________ of students are concerned about their ability to pay for their education.

Correct AnswerverifiedShow Answer

Final exams are over and Alex is looking for a summer job to help him pay for school next year.However,since the economic downturn,he is finding it hard to find a job because _________.

Correct AnswerverifiedB

If you owe money,it is important to _______________ to avoid extra charges.

Correct AnswerverifiedShow Answer

Julie,who is on antipsychosis medication for her manic episodes,has been getting her finances under control.She is able to do this because she _________.

Correct AnswerverifiedShow Answer

A discretionary purchase is one that __________.

Correct AnswerverifiedShow Answer

One definition of financial wellness states it is "a way in which to measure the overall financial aspect of an individual that includes the amount of assets they own and how much income ________"

Correct AnswerverifiedShow Answer

What steps can you take to reduce your financial stress?

Correct Answerverified1.Develop a realistic budget.After track...View AnswerShow Answer

Explain how some mental illnesses,such as being manic,can lead to loss of financial health.

If you feel guilty about your discretionary purchases you may suffer from _____________.

Correct AnswerverifiedShow Answer

The first step to developing a realistic budget is to ______________.

Correct AnswerverifiedShow Answer

Jolene enjoys her daily iced coffee from her local barista.The end of the semester is coming up and she is running out of student loan money yet she continues to purchase them.What type of personality does Jolene have?

Correct AnswerverifiedShow Answer

A(n) _________ personality is one that will seek the thing it is addicted to without regard for personal wellbeing or financial health.

Correct AnswerverifiedShow Answer

Discuss three ways you can deal with stress resulting from your financial situation.

____________________ can lead to extensive stress in students that can negatively affect their physical and mental health.

Correct AnswerverifiedShow Answer

Suki is an international student and,as such,is unable to work in Canada unless he gets a job on campus.His family supplied him with some spending money but it is quickly running out.Suki is starting to feel symptoms of ____________.

Correct AnswerverifiedShow Answer

After you record your spending for a month you should _____________.

Correct AnswerverifiedShow Answer

In order to maintain your financial health,you need to know _____________.

Correct AnswerverifiedShow Answer

When most people get a raise they end up ___________.

Correct AnswerverifiedShow Answer

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1.Develop a realistic budget.After track...
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