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Consumer Management: 9 and 10 Flashcards | StudBud
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Consumer Management: 9 and 10
Consumer Management: 9 and 10
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Money management: Teen Living
Flashcards
25 cards
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Questions
25
Answers
1
Rent payment and a car payment would be an example of a:
fixed expense
flexible expense
2
Consumers have rights but also responsibilities when purchasing products.
True
False
3
The amount of money you receive for work completed:
expenses
checking
income
savings
4
The one thing that is the most important to you can be classified as a:
priority
resource
need
want
5
When making a budget you should spend money first on:
goals
wants
needs
fun
6
Something you want but don't need to live.
goals
resources
wants
needs
7
Saving and using resources wisely is called:
spending
conservation
none of the above
goals
8
An ATM (automatic teller machine) dispenses money from one of your bank accounts.
True
False
9
Anyone who buys or uses goods and services is a:
buyer
consumer
user
10
A community resource would include:
schools
the mall
all of the above
hospitals
11
Technology is an example of a:
natural resource
human resource
community resource
material resource
12
You should always hold a little money back for:
checking
spending
savings
13
More and more people are paying bills how?
In person
Online
By check
By cash
14
A teen ager wants to own their own home someday, this is an example of a:
long term goal
short term goal
15
The amount of money you make before deductions:
taxes
social security
net income
gross income
16
Imagination is an example of a:
human resource
material resource
community resource
natural resource
17
You should balance your checkbook every month.
False
True
18
Something that you spend money on is an:
expense
income
19
The consumer's right to have a wrong corrected quickly is called:
right to be heard
right to redress
right to choose
right to be informed
20
This is a plan for spending based on your income:
budget
credit cards
checking
savings
21
A debit card and a credit card are the same thing.
True
False
22
It is important to maintain this in order to get good interest rates when borrowing money:
budget
credit score
social security
taxes
23
Money will be deducted for federal, state and local what?
taxes
gross income
net income
social security
24
A teen ager wants to own their own home someday, this is an example of a:
fixed goal
flexible goal
25
The actual amount of money you receive from your paycheck is called:
gross income
net income
taxes
deductions