People Who Believe That What Happens to Them Is Based

question 46

Multiple Choice

People who believe that what happens to them is based on fate or luck might view their financial journey as being uncertain. This is an example of

• A) financial risk tolerance.
• B) financial literacy.
• C) feelings of control.
• D) financial ability.

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Definitions:

Positive Economic Statement

A statement that can be proved or disproved by reference to facts.

Normative Economic Statement

A subjective statement that expresses an opinion or a value judgment about what ought to be, rather than what is.

Can Be Verified

Indicates that a certain piece of information, claim, or data can be checked and confirmed for accuracy or truthfulness.

Positive Economic Statement

An objective statement based on empirical evidence that describes the world as it is. These statements can be tested and validated through observation.