Mason UNIV 100 Finance Quiz

As long as you still have money at the end of the week, you don't really need to keep track of your spending.

Someone steals your credit card and racks up $2,000 of charges. You notify your card company but must pay the balance.

You only have $25 in your account, but have pending transactions. You want coffee and assume your card will be declined.

Joe has $1,000 credit card debt and makes minimum payments. He believes that paying late won't affect his credit score.

The close quarters of most college dorms means college students are at a high risk for identity theft.

You want to buy a $36 shirt. Your part-time job pays $12 an hour. You only need to work 3 hours to afford the shirt.

Mark earns $1,300 a month and has $950 in expenses. It will take him 10 months to accumulate savings of $3,500.

Sales taxes are not deducted from your paycheck by the federal government.

There's no need to match your debit card purchases with your bank statement because you can check your balance anytime.