Money Management - SS6E13/Final Exam

One should save for _______ and/or _______situations.

• vacations/emergencies

• small purchases/tires

• unexpected/emergency

• liquid income/dental bills

There will be times when ones_________ is not enough for large scale purchases.

• liquid income

• savings

• high interest

• 1 and 2

_______________ refers to money in your pocket

• loan

• debit card

• credit card

• Liquid income

__________is in essence a loan of money

• budget

• savings

• credit

• income

More commonly a line of credit may be extended in the form of a ___________.

• savings

• budget

• liquid income

• credit card

A credit score will tell the lender that you can be

• trusted

• cannot be trusted

• bad risk

• all of the above

_________ is borrowed money

• Liquid income

• wages

• credit

• minimum wage

when unexpected expenses come up you should have

• credit

• savings

• Goodie bag

• none of the above

A loan company will allow you to get money with a payment of the principle and interest.

• True

• False

• May be

• Never

A percentage of the money borrowed

• loan

• interest

• interest rate

• percent