Personal Finance Management
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Questions and Answers

What is the main focus of personal finance?

  • Trading stocks and commodities
  • Investing in real estate and property
  • Budgeting, saving, and spending monetary resources over time (correct)
  • Managing business finances

Which of the following is considered a banking product in personal finance?

  • Checking accounts (correct)
  • Real estate investments
  • Art and collectibles investment
  • Cryptocurrency trading

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

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

When was the earliest known research in personal finance conducted?

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

What did Herbert A. Simon suggest about financial decision-makers?

<p>They do not always make the best financial decision due to limited resources and personal inclinations (C)</p> Signup and view all the answers

What is the primary focus of personal finance?

<p>Budgeting and spending monetary resources (C)</p> Signup and view all the answers

Which discipline was taught in various colleges as part of home economics for over 100 years and is closely related to personal finance?

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

Who conducted the earliest known research in personal finance in 1920?

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

Which of the following is NOT considered a banking product in personal finance?

<p>Equity investment (C)</p> Signup and view all the answers

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

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

What is the primary focus of personal finance?

<p>Managing personal expenses (A)</p> Signup and view all the answers

Which of the following is NOT considered a banking product in personal finance?

<p>Real estate investments (C)</p> Signup and view all the answers

Who conducted the earliest known research in personal finance in 1920?

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

Which discipline was taught in various colleges as part of home economics for over 100 years and is closely related to personal finance?

<p>Consumer economics (C)</p> Signup and view all the answers

What did Herbert A. Simon suggest about financial decision-makers?

<p>They may not always make the best financial decision due to limited educational resources and personal inclinations (B)</p> Signup and view all the answers

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