Money

If you want to borrow money, you

• are showing that you are poor.

• do not know how to handle money.

• want to buy now and pay later.

• do not have to pay it back at all.

When you apply for a loan, most banks

• look at your credit history.

• want you to pay the money back.

• give you a monthly payment booklet.

• will lend you money without asking any questions.

When you know the wholesale price of a car, you can

• get the car at that price.

• find out what the retail or selling price should be.

• plan to pay two hundred dollars more for the car.

• shop around for a fair retail or selling price.

To get the best deal on a car, you want the depreciation value to be

• very low each year.

• very high each year.

• three hundred dollars a year.

• the amount you pay for the car.

When you carry paper money, you should

• keep it in your hand.

• carry it in your shoe.

• make sure it is in a safe place.

• carry only small amounts.

When you use a charge card to buy something, you promise to

• pay cash.

• write a check to pay for it.

• use it again.

• pay your bill every month.

The amount of insurance that a person should have depends on

• the size of the house.

• the size of the family and age of the children.

• how much the family eats.

• how the family lives.

Fire and theft insurance is for people who

• own a home.

• rent an apartment.

• own a business.

• all of the above.

The amount of interest you can earn on a savings account

• will be different at different banks.

• will be the same at all banks.

• will be the same as the interest on loans.

• will depend on the size of the bank.

Banks make money by

• charging interest.

• paying interest on saving accounts.

• lending money to people and charging them interest.

• borrowing money.