What foundation made borrowing money for college easier?

The Student Loan Markiting Ass (SLMA)

The purpose of the New Deal was

To promote economic recovery and social reform

To gain an understanding of your personal finances you should know :

Where you stand financially, your income , your goals, how to reach them

What are the five Foundations?

A personal finacial action plan

Making the right choices with your money- managing your money - involves knowing how:

Earning, budgeting, saving, spending, and giving affect your money

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Ramsey CH 1

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Answers

1
What foundation made borrowing money for college easier?
The Student Loan Markiting Ass (SLMA)
Student Loan Approval Ass (SLAA)
Federal Student Approval Ass ( FSAA)
The Student Federal Funding Ass ( SFFA)
2
The purpose of the New Deal was
To create a borrowing system within the country
To promote economic recovery and social reform
To allieviate concerns with the United Nations
To divide the national budget in half
3
What is the Fifth Foundation
Find a finacial professional
Pay cash for your car
Get out and stay out of debt
Build wealth and Give
4
To gain an understanding of your personal finances you should know :
Your investment portfolio and finacial advisor
Where you stand financially, your income , your goals, how to reach them
Your finacial goals
How much income you have
5
Banks got into the cerdit business before 1920 because charging exceptionally high interest rates was legal.
True
False
6
To know your net worth, subtract your liabilities from your
Other Liabilities
Net Income
Assets
Previous Net Worth
7
What are the five Foundations?
A financial literacy tech
A starting point for adult finances
A common conclusion for debt
A personal finacial action plan
8
You should always make sure you have --
Credit Card
Direct Deposit
Budget
Credit Line
9
Making the right choices with your money- managing your money - involves knowing how:
Planning, saving, spending and investing - defines your finacial portfolio
Consumer decisions will affect your accounts
Earning, budgeting, saving, spending, and giving affect your money
Making bank deposits using registers with the appropriate transactions
10
Personal Finance is 20% ____ and 80% _____
Head knowledge;Behavior
Behavior; Headknowledge
Cause; Effect
Reactions; Behaviors

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