Consumer Education

The granting of a loan and the creation of debt; any form of deferred payment.

Personal financial success if primarily the result of:

The widespread financial insecurity of Americans is primarily because:

Learning the language of money is not that important, you can rely on others.

The knowledge and skillset necessary to be an informed consumer and mange finances effectively.

Since you are a teenager, what you do now with money will have little effect on your financial future.

Expensive houses and new cars are a true indication of wealth.

Why was the use of credit uncommon prior to 1917?

Everyone should have the same financial plan. A budget that works for one person should be sufficient for everyone.

Having debt keeps you from building wealth.

True financial security begins when your money begins to generate an income - your money works for you.

A debt that has a "note" which specifies the principal amount, interest rate and date of repayment

Which of the following statements best explains why income alone does not determine wealth?

Most Americans today are wealthy and will have financial security when they retire.

A person that offers loans at an extremely high interest rate.

Which of the following is NOT a factor in becoming money smart?

Which of the following is a consequence of spending more than you make?

When it comes to managing money, success is about ____ % knowledge and ___% behavior.

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

Managing your money well, means you can't have any fun.

Key components of financial planning include all of the following except:

A fee paid by a borrower to the lender for the use of borrowed money.

When developing financial plan, one of the first things you should do is assess your current financial situation.

A system by which goods and services are produced and distributed.