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Money Management Intro Flashcards | StudBud
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Money Management Intro
Money Management Intro
27 terms
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A brief review of terms we will use during our money management unit #moneymanagement
Flashcards
27 cards
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Practice quiz
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Questions
27
Answers
1
"Bad" interest is money that you..
Pay
Earn
2
A card that is used to receive cash from your checking account or to pay "as cash" is called?
rewards card
credit card
debit card
bank card
3
"Good" interest is money that you..
Pay
Earn
4
When writing an amount of money you should always...
write in pen
All are correct
Start all the way on the left
Capitalize the first letter
5
The rise in the cost of goods and services each year is called..
Inflation
Recession
Net income
Price modification
6
Comparing how much you make vs. how much you spend per month is called?
Working
Financing
Credit Scoring
Budgeting
7
An hourly rate a person is paid is called?
wage
$9.00
money
salary
8
A credit score shows the world..
How responsible you are with money
How trustworthy you are with money
All are true
If you make payments on time
9
The bottom row of #'s on the left on your check that indicates what bank to send your $?
Phone number
Routing Number
Social Security Number
Checking account number
10
One major difference between a credit and a debit card is:
They are both your money
A credit card is a loan
A debit card earns good interest
A debit card is plastic
11
What should you never write on a check?
Phone number
Address
Social security number
Date of birth
12
Besides a note, what else can be written on the memo line of check?
Phone number
Checking account number
Loan account number
Savings account number
13
An account that is active, money moving in and out all the time is called?
checking account
bank account
savings account
taxes
14
A car loan, a student loan, rent for an apartment are all examples of...
Fixed expenses
Flexible expenses
15
Which type of expense would be easiest to modify/change if you needed to save money?
Fixed expenses
Flexible expenses
16
An account usually at a bank, linked to your accessible cash is called?
checking account
savings account
ATM
bank account
17
A factor that can influence a person's salary is..
They all can influence a salary
Commission
Overtime
Tips
18
A sum of money a person earns over the span of a year is called?
salary
taxes
wage
money
19
The bottom row of #'s in the middle -on your check that indicates to whom the check $'s goes?
Social Security Number
Phone number
Checking account number
Routing Number
20
On the memo line at the bottom of a check, what can you write besides a note?
Amount is numbers
Where the money is going
Amount in words
Loan account number
21
The amount of money a person earns before taxes and other deductions are taken out is called
Net income
Gross income
22
Entertainment, food, water, electricity are all examples of...
Fixed expenses
Flexible expenses
23
A monthly cost that can change is called?
Fixed Expense
Flexible Expense
24
One major difference between a checking and savings account is:
A savings account is your money
A savings account uses a debit card
A savings account is active
A savings account earns interest
25
The amount of money a person earns after taxes and other deductions are taken out is called
Gross income
Net income
26
A monthly cost that tends to stay the same is called?
Flexible Expense
Fixed expense
27
When writing the $ amount of a check, you would write the amount in numbers and use...?
Amount in numbers
Where the check is going
The loan account number
Amount in words
