Omission, telescoping, and creation are errors that may occur if the respondent has a problem remembering the information asked in the questionnaire

Many people who signed up for adjustable-rate mortgages during the sub-prime mortgage debacle were no longer able to afford their payments. Many of these people were misled by their lenders. Which financial principle from Chapter 1 most applies?

A) The best protection is knowledge. B) Mind games, financial personality, and your money C) Stuff happens, or the importance of liquidity. D) The time value of money

Before you can hope to achieve your financial goals, you will need to first measure your current financial health and develop a plan and a budget

Indicate whether this statement is true or false.