H.67 Sources of money conflict Flashcards

Learners will be able to identify and differentiate between various sources of money conflict to effectively manage financial disputes.

1
Q

John and Sarah, a married couple, are discussing their financial goals. John wants to invest in high-risk stocks to potentially maximize returns, while Sarah prefers to prioritize safety and stability by investing in bonds and mutual funds. They are unable to reach a consensus, leading to frequent arguments and tension in their relationship. Which of the following best describes this situation?

A. Asset Allocation Conflict
B. Diversification Dispute
C. Investment Allocation Disagreement
D. Portfolio Segmentation Struggle

A

C. Investment Allocation Disagreement

H.67 Sources of money conflict

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2
Q

Which of the following is an example of a structural source of money conflict?

A. Different spending habits
B. One partner earning significantly more than the other
C. Disagreement over financial goals
D. Different attitudes towards money

A

B. One partner earning significantly more than the other

H.67 Sources of money conflict

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3
Q

Which of the following is a common behavioral source of money conflict?

A. Inheritance
B. Job loss
C. Impulse buying
D. Medical expenses

A

C. Impulse buying

H.67 Sources of money conflict

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4
Q

Which of the following is NOT a common emotional source of money conflict?

A. Fear
B. Anger
C. Envy
D. Confusion

A

D. Confusion

H.67 Sources of money conflict

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5
Q

What is an example of a situational source of money conflict?

A. One partner being a saver and the other being a spender
B. One partner losing their job
C. Disagreement over financial goals
D. Disagreement over how to allocate resources

A

B. One partner losing their job

H.67 Sources of money conflict

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6
Q

Sarah and Michael have been married for five years. Sarah comes from a wealthy family and has never had to worry about money. Michael grew up in a lower-income household and has had to work hard to make ends meet. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

A. Structural

H.67 Sources of money conflict

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7
Q

John and Maria are newlyweds who have different spending habits. John is a saver and prefers to budget his money, while Maria enjoys spending and often makes impulse purchases. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

B. Behavioral

H.67 Sources of money conflict

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8
Q

Tom and Jessica are a married couple with three children. Tom recently lost his job and is struggling to find employment. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

D. Situational

H.67 Sources of money conflict

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9
Q

Mark and Rachel are engaged and have different financial goals. Mark wants to save up for a down payment on a house, while Rachel wants to travel the world. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

C. Emotional

H.67 Sources of money conflict

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10
Q

Jason and Lisa are a married couple who have different attitudes towards debt. Jason believes in paying off debt as soon as possible, while Lisa is more comfortable carrying debt and paying it off over time. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

B. Behavioral

H.67 Sources of money conflict

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11
Q

Sarah and David are a married couple with two children. Sarah inherited a large sum of money from her grandmother and wants to use it to pay off their mortgage. David is hesitant and wants to invest the money in the stock market. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

C. Emotional

H.67 Sources of money conflict

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12
Q

Alex and Jane are engaged and have different spending habits. Alex enjoys spending money on hobbies and entertainment, while Jane prefers to save her money for big purchases. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

B. Behavioral

H.67 Sources of money conflict

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13
Q

Tom and Sarah have been married for ten years and have always split their expenses evenly. Tom recently got a job promotion and is now earning significantly more than Sarah. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

A. Structural

H.67 Sources of money conflict

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14
Q

John and Karen are a married couple with one child. Karen has significant student loan debt and wants to prioritize paying it off, while John wants to save for retirement. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

C. Emotional

H.67 Sources of money conflict

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15
Q

Brian and Maria are a married couple with different attitudes towards money. Brian is a risk-taker and enjoys investing in the stock market, while Maria prefers to keep her money in a savings account. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

B. Behavioral

H.67 Sources of money conflict

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16
Q

Michael and Julia are a married couple with two children. Michael wants to save money for a vacation, while Julia wants to use the money to pay off debt. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

C. Emotional

H.67 Sources of money conflict

17
Q

Paul and Lisa are a married couple with different levels of risk tolerance. Paul wants to invest their money in high-risk, high-return stocks, while Lisa prefers safer investments. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

B. Behavioral

H.67 Sources of money conflict

18
Q

Rachel and Tom are a married couple with different views on debt. Rachel believes that all debt is bad and wants to pay off their mortgage as soon as possible, while Tom thinks that debt can be useful and wants to invest their money instead. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

A. Structural

H.67 Sources of money conflict

19
Q

Elizabeth and Matthew are a married couple with different spending habits. Elizabeth likes to splurge on luxury items, while Matthew is more frugal and prefers to save his money. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

B. Behavioral

H.67 Sources of money conflict

20
Q

Steve and Emily are a married couple with two children. Steve wants to invest their money in real estate, while Emily wants to start a business. What type of source of money conflict might arise in their relationship?

A. Structural
B. Behavioral
C. Emotional
D. Situational

A

D. Situational

H.67 Sources of money conflict

21
Q

Emily and Mark, a newlywed couple, have different perspectives on managing their household finances. Emily believes in strict budgeting and saving for the future, whereas Mark enjoys spending lavishly on luxury items and experiences. Their conflicting financial habits have led to heated arguments and frustration. What type of financial conflict are Emily and Mark experiencing?

A,. Budget Allocation Disagreement
B. Spending Habits Conflict
C. Financial Planning Dispute
D. Expense Management Discord

A

B. Spending Habits Conflict

Emily and Mark’s financial conflict primarily arises from their divergent spending habits. Emily prefers to adhere to a strict budget and prioritize saving, while Mark enjoys indulging in luxury spending. This discrepancy in spending preferences leads to disagreements and tension in their relationship. Thus, the most appropriate description of their conflict is “Spending Habits Conflict.”

H.67 Sources of money conflict