Duplicate of Financial Literacy Review

Your income greatly affects your savings habits.

Your monthly budget should include:

Federal and state laws state the lowest hourly rate that can be paid in the United States. What is that rate called?

Which is the correct order according to Dave Ramsety of priorities for your money?

The formula to calculate simple interest is A=p\left(1+\frac{r}{n}\right)^{nt}.

In a joint checking account, only one person can make withdrawals.

Which of the following is NOT one of Dave Ramsey’s Five Foundations:

Money is neither good nor bad, it is ____.

Bounced checks are a sign of _______ living.

If you are paid biweekly, then you receive 24 paychecks a year.

The best place to put your emergency fund (3-6 months), is at home in a piggy bank.

Teens are a huge target of credit card companies today.

Saving money is mostly about:

Dave's 80/20 rule says that personal finance is 80% head knowledge and 20% behavior

You do not need an emergency fund at your age.

What is Medicare?

Which of the following does NOT directly affect your credit score?

A written budget should be done every_____.

Dave wants you to live like no one else so that you can keep up with the Jones's (everyone).

What does n stand for in the formula A=p\left(1+\frac{r}{n}\right)^{nt}

Which of the following is not a reason to save?

This type of savings is charactized by saving a little bit each month for a big purchase.

If you pay back a loan early, you may be subject to a prepayment penalty. 

Compound interest earns more than simple interest because compounding pays interest on the interest earned.

Which of the following is a consequence of overdrawing your checking account?

Learning and applying Dave's financial literacy plan will:

Dave is a: