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Money Management Flashcards | StudBud
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Money Management
Money Management
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150 plays
General Business formative assessment
Flashcards
5 cards
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Practice quiz
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Questions
5
Answers
1
What is the first step in the process of good money management?
could care less
watching a video
knowing your current financial status
Knowing your neighbor
2
The difference between your personal assets and personal liabilities is your
cash inflow
net income
cash outflow
net worth
3
On a personal balance sheet, the value of your home is listed under_________________
assets
liabilities
big mistake
networth
4
Which of the following are characteristics of a wise money manager?
Spends all their income
Does not spend money
Sets goals
Buys only what they want
5
John has assets totaling $5000 and liabilities totaling $4500. What is his net wort
-$660
$9500
$113,250
$500
