Personal Financial Planning Quiz

Saving money means giving up the opportunity cost to

• spend in the present

• have money in the future

• apply for credit cards

• save money

Saving money for less than 2 months is

• impossible

• long term goal

• a short term goal

• unrealistic

Spending money, time or items toward future benefits for making more money is called

• borrowing

• paying off

• saving

• investing

What is the term for the money you earn?

• expense

• interest

• income

• savings

When dealing with credit cards it is important to know your card's

• credit limit

• A.B. AND C

• annual percentage rate

• payment due date