Personal Finance 13th Edition By Garman - Test Bank
1. Financial
literacy is your knowledge of facts, concepts, principles, and technological
tools that are fundamental to be smart about money.
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2. Being
financially responsible is being knowledgeable about facts, concepts,
principles, and technological tools that are fundamental to be smart about
money.
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3. Personal
finance is the study of personal and family resources considered important in
achieving financial success.
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4. Financial
success is marked by having high wealth.
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5. Financial
security is marked by having high income.
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6. By saving and
investing, people are much more likely to have funds available for future consumption.
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