Personal Finance Practice

Which is an example of a good?

• nurse
• mechanic
• basketball
• cook

Money loaned

• Credit

• Ain't yours

• is stupid

• is what companies use to make you miserable

Using your home as collateral to borrow money

• is stupid

• is a home equity loan

• is what rich people do

• is not allowed as a valid financial practice in the US

Taking responsibility for someone else's loan

• is stupid

• is called Mom and Dad

• is called co-signing

• is a good way to get rid of debt

Combining debt into one payment

• is called debt consolidation

• welcomes you to a whole new world of spending

• increases your credit score tremendously

• is stupid

A _______ is the amount needed in an account to avoid fees.

• Interest

• Overdraft

• Budget

• Minimum Balance Requirement

A _____ is a plan for allocating income for saving and spending

• Budget

• Mutual Funds

• Stock and Dividend Plan

• Stocks, Bonds, and Mutual Funds

An ________ is a check that exceeds the account balance.

• Overdraft

• Interest

• Budget

• Balanced checking

______ is the price paid for the use of money.

• ATM fee

• Overdraft

• Bonds

• Interest

________ is the practice of making a purchase now and paying for it in the future.

• Interest agreement

• Credit

• Debit

• ATM advancement