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</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</p> Signup and view all the answers

    What is the primary focus of personal finance?

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

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

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

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

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

    What is the primary focus of personal finance?

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

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

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

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

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

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