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Money Management Flashcards | StudBud
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Money Management
Money Management
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Flashcards
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Questions
10
Answers
1
Itis a good idea to construct a personal saving and spending plan based on yourincome.
False
True
2
Itis important to save for the following reasons:
All of the above
To protect from unexpected crisis
To meet long term and short term goals
Tobuild wealth
3
Youcan be charged a service fee for withdrawing your own money from an ATMmachine.
False
True
4
Whatis one thing you should do with your money when you receive your paycheck?
Go to the Movies
Buy Sneakers
Whatever you want
Pay yourself first!
5
Which card is used to make purchases and the money is automatically deducted from your account?
Debit Card
Credit Card
ATM Card
6
Creating a budget and following it can help you stay out of debt.
False
True
7
A______________ is added to your account balance.
Debit
Credit
8
You spend $100 grocery shopping, is this a debit or credit?
Debit
Credit
9
Reasons for constructing a budget include:
none of those answers
To have a savings and spending plan
both of those answers
Tokeep track of your debits and credits
10
Achecking account is
An interest account where your deposit remains for period
where money can be deposited and withdrawn.
a. Acomputer that checks your email account
