A budget can help you reach a final goal by

• Showing you how you can earn more income

• Allowing you to see where you can cut back on spending

• Giving you tools to change your fixed expenses

• All of the answers

Money in your emergency fund could be wisely used

• to pay for a vacation

• to pay a down payment on a new car

• to pay for an unforseen health expense

• All of the answers

A value can be described as:

• Something basic for your survival

• Something you desire to make your lie more comfortable

• A willingness to give up something now in exchange for a future benefit

• A belief or idea you consider important or desirable

Tags

CCSS.RI. 9-10.9

CCSS.RI.11-12.9

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

Overdraft protection on a checking account

• Is always a free service provided by banks

• Is like a credit card you don't use until your checking account balance gets below a zero balance

• Is always a waste of money because people don't bounce checks anymore

• Should be bought by everyone, even if they always keep a significant amount of money in their account.

Identity theft is important to be aware of because once your identity is stolen:

• You must pay for all of the purchases that were made on your account that you didn't make

• It is impossible for you to ever have a good credit rating again

• It can be fraudulently sold, and other people can use your credit rating to obtain credit cards and loans in your name

• All of the answers

The basic rule of a risk to return relationship in investing is that the

• Lower the risk, the higher the rate of return

• Higher the risk, the higher the rate of return

• Higher the risk, the lower the rate of return

• Risks and returns on investments are not related

Zero liability credit card protections means

• If you are unable to pay your credit card bill one month during a year, you can pay $0 and you will not be charged a fee for not making your monthly credit card payment

• Only members of your family are authorized to make purchases using your credit card

• There is no limit on the cost of purchases you can charge to your credit card account each month

• You are not responsible for fraudulent charges to your credit card account (purchases you didn't authorize)

A good password

• is an easily remembered number such as your phone number or Social Security nunmber

• should be written down in your wallet so you have it with you wherever you go

• includes a combo of letters and numbers

• should be the same for all your online accounts

An example of an investment that is convenient, professionally managed, and allows for diversification is called a(n):

• Certificate of Deposit

• Stock

• U.S. Savings Bond

• Mutual Fund

Which of the following statements relates to the universal default clause?

• If you miss one car loan payment, your car can be repossed

• If you are late with any loan payment, all of your credit card companies may increase your interest rate.

• Someone who files bankruptcy must still pay any student loans

• A minor may need an adult to co-sign a loan