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Duplicate of Money / Management Flashcards | StudBud
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Duplicate of Money / Management
Exemption (aka Allowance) determine
Which is the lowest in liquidity?
Duplicate of Money / Management
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WI!SE Prep Money / Management
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Questions
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Answers
1
Which is the lowest in liquidity?
Debit Card
Stock
House
Cash
2
Exemption (aka Allowance) determine
Paycheck
Tax Withholdings
Your Kids
Tax refund
3
Cash cards / gift cards can be charged a inactivity fee
True
False
4
Which is not a source of income?
Paycheck
Graduation Gift
Student Loan
Allowance
5
A payment order for a pre-specified amount of money is
Personal Check
Certified Check
Money Order
Travelers Check
6
The Feds are
Police
Federal Reserve
US Treasury Dept
Cops
7
Income left over after spending, saving, investing and personal necessities is
deficit
mo money
budget surplus / discretionary income
my money
8
Money in the US is backed by
Checks & Balances
Gold
Diamonds
Pearls
9
Lenders and those on fixed income are most hurt by
delflation
opportunity cost
inflation
fixed prices
10
Least likely hurt by inflation are
fixed income
borrowers
lenders
grandma
11
The next best alternative
Opportunity Cost
Scarcity
Inflation
Spending