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Money Management Flashcards | StudBud
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Money Management
Money Management
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Review for money management concepts.
Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
When you put income in your bank account register, what category does it go under?
Withdrawal
Deposit
2
What is the typical tip you should give a waiter/waitress at a restaurant?
15%
5%
10%
20%
3
What type of card charges you if you don't repay what you spent?
Debit Card
Credit Card
4
True or False: Putting a little money aside each pay check is poor practice.
False
True
5
Which of the following is most important to spend money on?
iPhone 7
Car
New Nikes
Groceries
6
What is LEAST important to know when planning a vacation?
How you're going to get there.
Where you're going.
Where you're going to stay.
What you're going to eat.
7
True or False: Having multiple banking accounts is a bad thing.
False
True
8
What is the sales tax in Michigan?
8%
5%
6%
7%
9
What is wrong with this check?
Forgot to sign check
Did not fill in memo section
Filled out "Pay to order of" incorrectly
Did not write amount in words
10
How much would a t-shirt that is normally $20 cost with a 20% off coupon?
$17
$19
$16
$18
11
When you want to make a big purchase, what is the most important thing to consider?
Do I REALLY need it?
Should I get two?
Can I afford this without any help?
What color should I get?
12
When you pay rent, what category on your register does it go under?
Deposit
Withdrawal
13
True or False: You can start your savings account at any age.
False
True
14
Which type of card gets money from your own checking account?
Debit Card?
Credit Card
