Money Matters Midterm Review

Five Foundations: 1) Save $500 Emergency fund 2) Get out of Debt 3) pay Cash for car 4) Pay cash for college, 5)?

What is true about lenders marketing credit cards to teenagers?

A bull market is a market that:

_________________ are considered very high risk and are considered by the wise to be horrible investments.

A written plan reduces the "management by _______" situation from your finances.

Understanding your own money personality is important because you can recognize who you are and develop a financial plan

If you loan a friend or family money for a serious matter it will not bother you to see them spend $ on entertainment.

In the last 50-60 years, debt has gone from something that people were ashamed of to something culturally normal

Your income level is the most important factor towards building wealth.

What makes up a credit score?

Your emergency fund is not an _____ for the future. It's a fund for unexpected expenses for when Murphy's law happens

The average mutual fund contains how many companies?

During the Great Depression, policy makers came up with consumer lending policies that convinced commercial banks that:

We can divide winning with money into three levels. 1: Survival 2: Comfort. 3:__________________ . 

____________ is the least liquid investment and requires a lot of cash.

A cash flow plan that assigns an expense to every dollar is referred to as:

When it comes to personal finance, the math is easy. What is challenging is managing your ____________________.

The act of matching your bank statement with your checkbook is called ________ your account.

A separate account where you regularly deposit money over a certain period of time for a future:

Studies have proven that the average consumer who has access to credit cards will spend more than those using cash.

Americans typically have a very low savings rate. This is called a Negative Savings Rate.

It's going to take you about 30 days to get your budget to work effectively.

The benefit of diversification is:

Being __________ refers to owing more on an item that it is currently worth.

A debit card cannot be used as securely in places where credit cards are used.