Fcs 340 Study guides, Class notes & Summaries

FCS 340 Ch 12 Exam Questions and Answers relationship between income and divorce - ANSWER The lower the socioeconomic status the higher the probability of divorce Unexpected unemployment increase the possibility of marital breakdown Life cycle the divorce rate for people 50 and over has risen significantly Relationship between level of education and divorce - ANSWER People with lower educational achievements on average are more likely to divorce than those with higher...

Higher consumer prices are likely to be accompanied by _______ interest rate. - correct answer higher What is the definition of economics? - correct answer Study of how wealth is created and distributed What is the Fed? - correct answer Federal Reserves What is the main responsibility of the Fed? - correct answer Regulate national money supply The "obtaining" component of financial planning is defined - correct answer Foundation of financial planning, resources used for all financi...

FCS 340 Ch 12 Exam Questions and Answers Difference between adjustments of boys and girls to a divorce - ANSWER Boys become more handicapped by divorce than girls Boys are more aggressive and need more attention Adolescent is a difficult time for children and they may be more apt to engage in delinquency, deviancy, and antisocial behavior Relationship between family size and adjustment to a divorce - ANSWER The larger the family the greater the amount of stress experienced by single parent...

FCS 340 Test 1 Questions and Verified Answers (2024 / 2025)/ A+ GRADE 1. Higher consumer prices are likely to be accompanied by interest rate. ANS higher 2. What is the definition of economics? ANS Study of how wealth is created and distributed 3. What is the Fed? ANS Federal Reserves 4. What is the main responsibility of the Fed? ANS Regulate national money supply 5. The "obtaining" component of financial planning is defined ANS Foundation of financial planning, resources used for a...

FCS 340 Test Questions with Complete Solutions Which of the following is not identified as a purpose of the book? - ANSWER Teach you to accumulate wealth. The authors suggested four answers to the question, "Why should I learn about family finance?" Which is not one of the four reasons? - ANSWER Community - becoming a stronger citizen or member of your community The second important question the authors suggested you ponder was, "What are the profound principles upon which the stewa...

FCS 340 EXAM Questions and Verified Answers (2024 / 2025)/ A+ GRADE 1. Which of the following is not identified as a purpose of the book? ANS Teach you to accumulate wealth. 2. The authors suggested four answers to the question, "Why should I learn about family finance?" Which is not one of the four reasons? ANS Community - becoming a stronger citizen or member of your community 3. The second important question the authors suggested you ponder was, "What are the profound principles upon w...

FCS 340 Test Questions with Complete Solutions What does the author believe is the biggest financial mistake made by recent graduates? - ANSWER Buying a house beyond their means Most financial planners recommend worth of living expenses set aside in a savings or checking account as an emergency fund. - ANSWER three to six months In the reading, the story of Elder Robert D. Hales and his new bride was shared. He was in the air force and they'd missed Christmas to...

FCS 340 Test Questions with Complete Solutions Which of the following is not identified as a purpose of the book? - ANSWER Teach you to accumulate wealth. The authors suggested four answers to the question, "Why should I learn about family finance?" Which is not one of the four reasons? - ANSWER Community - becoming a stronger citizen or member of your community The second important question the authors suggested you ponder was, "What are the profound principles upon which the stewar...

FCS 340 Exam 3 Questions with Correct Answers Traditional financial guidelines suggest that your home should cost about __________ times your annual income - ANSWER 20-30% List advantages and disadvantages of renting - ANSWER Advantages: Easy to move, financial benefits, lifestyle flexibility Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets The opportunity to have another person take over rent payments and live in the rental unit is called ________________...