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Money Management and Financial Planning Flashcards | StudBud
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Money Management and Financial Planning
Which of the following are Needs?
Housing is a need
Money Management and Financial Planning
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Answers
1
Housing is a need
False
True
2
Which of the following are
Needs
?
New shoes
Housing
Food
Jewelry
3
Food is a
Want
False
True
4
What does SEC do?
Enforces the law
Helps feed homeless people
Provides Financial Advice
Provide Protection for Investors
5
Which of the following is a
Variable Expense
?
Mortgage
Electric bill
Entertainment
Insurance Premiums
6
Going to the movies with your friends is an example of Opportunity Cost.
False
True
7
What does the "Pay yourself first rule" mean?
To pay your bills first and save any excess money afterwards.
To set aside money in your savings before paying bills.
8
What does SEC stand for?
Securities and Exchange Commission
Save Extra Cash
Safe and Elegant Cars
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