Personal Finance Basics Quiz

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Questions and Answers

What are some examples of banking products that individuals might consider when planning personal finances?

  • Stocks and bonds
  • Art and collectibles
  • Real estate and cryptocurrency
  • Checking and savings accounts (correct)

Which discipline laid the foundation of consumer economics and family economics?

  • Social economics
  • Macro economics
  • Home economics (correct)
  • Business economics

Who is recognized as one of the pioneers in the study of consumer behavior and household behavior?

  • Herbert A. Simon
  • Margaret Reid (correct)
  • Hazel Kyrk
  • University of Chicago

In what year did the earliest known research in personal finance take place?

<p>1920 (B)</p> Signup and view all the answers

Who suggested that a decision-maker may not always make the best financial decision due to limited educational resources and personal inclinations?

<p>Herbert A. Simon (A)</p> Signup and view all the answers

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