PFL Test 1

Why was credit uncommon prior to 1917?

A car note is an example of ____

Young people shouldn’t be concerned with money management because it won’t affect their financial future

Winning with money is complicated and requires extensive knowledge

The knowledge/skillset needed to be informed consumer & manage finances

A debt evidenced by a note specifying payment amount, interest rate, and payment date

The normal American family is broke

Personal Finance is __% head knowledge and __% behavior

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

Consumerism in America today is caused by

Which is NOT one of the 3 levels of Financial Well-being

The best way to manage money is to learn how to manage yourself

I need to keep everything Ms. E gives me for my study guide

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

Knowing the language of money allows you to tell your money what to do

The legislative program that helped the middle class get mortgages is The New Deal

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

Successful money management is ___% head knowledge and __% behavior

Personal Finance is

Which is NOT a principle of being Money Smart