Question

multiple choice questions circle the correct answer for each of the following. 1. which of the following is not a tool for monitoring your finances? a. personal balance sheet b. budget c. liability d. cash flow statement 2. one way to increase savings is to ____ cash inflows. a. increase b. decrease c. spend d. monitor 3. a scholarship would be an example of a cash __. a. outflow b. inflow c. decrease d. statement 4. which of the following is not an asset? a. car b. stock c. credit card bill d. jewelry 5. shares of ownership in a company are represented by ____. a. bonds b. stocks c. assets d. liabilities

Explanation:

Question 1

A personal balance sheet, budget, and cash flow statement are tools to monitor finances. Liability is a debt, not a monitoring tool.

To increase savings, increasing cash inflows (more money coming in) helps, as savings = inflows - outflows. Decreasing inflows, spending, or just monitoring don't increase savings.

A scholarship is money received, so it's a cash inflow (money coming into one's finances). Outflow is money spent, decrease is a reduction, and statement is a document.

Answer:

c. liability

Question 2