Personal Finance Ch. 1 Review

Was charging interest rates and using Credit "Legal" before the 1920s?

What time frame was the Great Depression?

Money owed to another person or company?

In 1972, what association made borrowing money to attend college much easier than it had been?

Franklin D. Roosevelt passed the New Deal because of the Great Depression in the 1930s. What was purpose of the program?

There are three terms for Goals: Short, Medium and Long Term - Short Goals takes up to two years to complete?

Personal Finace is 80% Behavior and 20% Head Knowledge

What is the best way to save money and make plans for your money?

After World War I, jobs increased as well as people using Credit. Due to this consumers used credit ______

What were the three major credit cards that were introduced in 1958?

The Five Foundations for Personal Finance Is a

What is the Fifth Foundation of the Five Foundations?

Using credit has not always been a socially accepted practice, but it has become . . .

What category has the highest Average amount of debt per Household?

Person or entity that charges borrowers interest rates above an established legal rate​​​​​​​

Less than 50% of Americans have less than $1000 in their Savings?