UNDERSTANDING MONEY

Where can people go for information about money?

• Family members

• Banks

• Financial advisors

• All of the above

Which of the following is NOT an example of a need for most people?

• A place to live

• Nutritious food

• Designer jeans

What type of personal information should people keep private?

• Their social security numbers and bank account information

• The name of their favorite restaurant

• What they want for their birthday

The best way to achieve a short-term money goal is to:

• Spend all of your money at once

• Create a savings plan and stick to it

• Throw away your piggy bank

To be responsible with their money, young people can do what?

• Track their spending

• Save their money

• Stick to short-term money goals

• All of the above

What are some of the ways people can receive money?

• Wages

• Salary

• Money gifts

• All of the above

Fill in the blank. People who earn paychecks pay _______ to the government.

• Income tax

• Sales tax

• Property tax

• No tax

What would be the best career choice for someone who loves science and helping sick people?

• A teacher

• A banker

• A nurse

Which is an example of an ENTREPRENEUR?

• A fireman

• A person who owns a hat business

• A teacher

• All of the above

How is a salary different from a wage?

• A salary is paid over a set period of time, and a wage is paid by the hour

• A salary is paid by the hour, and a wage is paid over a set period of time

• There is no difference between a salary and a wage