Personal Finance 2024 Semester 1

Personal Finance 2024 Semester 1

Assessment

Flashcard

Other

11th Grade

Practice Problem

Hard

Created by

Wayground Content

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61 questions

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1.

FLASHCARD QUESTION

Front

Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal. True or False?

Back

False

2.

FLASHCARD QUESTION

Front

What is The First Foundation?

Back

Save a $500 emergency fund.

3.

FLASHCARD QUESTION

Front

Being a spender has many more positives than being a saver.

Back

False

4.

FLASHCARD QUESTION

Front

Avoiding debt can give you financial peace and a sense of hope for the future.

Back

True

5.

FLASHCARD QUESTION

Front

A money principle to keep in mind is to live on _____ you make

Back

Less than

6.

FLASHCARD QUESTION

Front

To know your net worth, subtract your liabilities from your _____?

Back

Assets

7.

FLASHCARD QUESTION

Front

Is it possible to pay for college with cash?

Back

True

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