Đề Thi FE ENM402 - SU26 - FE - R - RE

[adminadmin is verified member.]

Học kỳ

SU2026

Thời Gian

6/8/26

Loại tài liệu

FE

Mã Đề

ENM402_SU26_RE_R_782058

ENM402_SU26_RE_R_782058

ENM402 SU26 FE R RE_782058 Reading Questions​

This document contains a reading comprehension test consisting of an instructional passage on handling finances during economic uncertainty and five multiple-choice questions. The questions assess the reader's understanding of consumer sentiment, expert opinions, initial steps for financial preparation, spending reduction strategies, and financial planning definitions. It serves as a practical assessment tool for students studying financial management and reading skills.

ENM402 SU26 FE R RE_782058 Reading Questions​

ENM402_SU26_RE_R_782058 | Reading

Question 1

Read the following article on how to handle finances during economic uncertainty and choose the correct answer for each question.

Financial markets are volatile with consumer confidence at its lowest level in five years, as economists point to a higher risk of recession. This has led to a higher level of financial uncertainty for many people. About half of US adults say that President Trump's trade policies will increase prices "a lot," according to a recent poll by The Associated Press-NORC Center for Public Affairs Research.

About half of Americans are "extremely" or "very" concerned about the possibility of the US economy going into a recession.

According to Matt Watson, CEO of Origin, a financial planning app, it is a period of uncertainty for everyone, including experts. "No one, even the people that do this professionally and have done it very successfully for many years, know what's going to happen," he confirms. If you feel increasingly worried about how economic uncertainty might affect you, here are some expert recommendations:

Take stock of your finances
The first step to preparing for uncertain financial times is knowing your starting point, Watson said. Look at your budget or your debit card expenses so you can understand how much you spend every month. Looking at the state of your savings and investments can also provide you with an idea of your overall financial health.

Find where you can cut back
The more non-essential expenses you can reduce, the more you can save for an emergency. If you're having difficulty finding where to cut back, Jim Weil, managing partner at Private Vista, a financial planning firm, recommends that you divide your expenses into three buckets: needs, wants and wishes. Wishes are larger expenses that can be postponed, such as a big vacation.

Take care of your mental health
Between news about tariffs and job losses, you might feel your anxiety rising. So, it's important that you protect your mental health while also caring about your finances. If you find yourself feeling high levels of stress or anxiety when it comes to your finances, it's best to contact a professional who can help you.

Focus on what you can control
Rather than worrying too much about the economy of the entire country, you should focus on the aspects of your personal life that you can control in order to feel more confident in case there is a recession. Things you can control include budgeting, creating an emergency fund and cutting unnecessary expenses.

Choose which type of debt to tackle first
Many people struggle with debt, whether it's credit card debt or student loan debt, which limits their ability to save. "I would think about different kinds of debt differently," Weil said. Prioritise paying off high-interest debt such as your credit card. By making extra payments or paying over the minimum payment, you will be able to pay it off quicker. Student loan debt and long-term debt such as a mortgage can be tackled with smaller payments while you focus on creating an emergency fund.

We live in increasingly uncertain times, and what happens on the stock markets can have serious effects on personal investments, savings, and debts. It is more important than ever to gain better control of our finances.

How does the article describe consumers' feelings about the economy?
A. They feel generally positive that it will improve in due course.
B. They trust the current trade policies will avoid the risk of recession.
C. They are highly pessimistic about future economic prospects.
D. They are confident about the performance of the financial markets.

ENM402_SU26_RE_R_782058 | Reading

Question 2

What does Matt Watson, CEO of Origin, suggest about experts?
A. They have the ability to accurately predict the economy.
B. They are more successful and therefore less affected by uncertainty.
C. Their predictions are less reliable than financial planning apps.
D. They cannot be certain about the future despite their experience.

ENM402_SU26_RE_R_782058 | Reading

Question 3

What is recommended as the first step when preparing for uncertain financial times?
A. Investing in the stock market immediately.
B. Increasing your long-term investments.
C. Understanding your current financial situation.
D. Reducing your debit card expenses immediately.

ENM402_SU26_RE_R_782058 | Reading

Question 4

What does Jim Weil recommend if it is difficult to reduce spending?
A. Asking a financial planning firm for advice and support.
B. Categorising expenses based on their level of necessity.
C. Focusing only on reducing essential costs.
D. Prioritising larger expenses such as a big vacation.

ENM402_SU26_RE_R_782058 | Reading

Question 5

What can be inferred about 'wishes' in the context of financial planning?
A. They improve long-term financial stability.
B. They are funds set aside specifically for retirement.
C. They are small daily purchases that improve quality of life.
D. They can be delayed without serious consequences.