Managing your money

A __________allows you to invest your money with a set interest rate for a pre-set period of time.

• Checking

• Savings

• Money Market

• Certificate Deposit

Answer explanation

A budget is an estimate of income for a set period of time.

• True

• False

Answer explanation

What is this employee's gross pay for the year?

• $972.67

• $1280

• $872.53

• $7680

Knowing what you want is the first step to avoid falling prey to deceptive advertising.

• True

• False

Which of these are a want?

• Food

• Money

• TV

• Housing

An account that allows you easy access to your money and allows the use of checks and debit cards.

• Checking

• Certificate of Deposit

• Money Market

• Savings

Many banks will require a minimum deposit of ____to ______to open an account.

• $0, $100

• $50, $100

• $25, $50

• $100, $1,000

Entertainment and dining out are important expenses in a budget and should not be cut.

• True

• False

How many hours of vacation does this employee have available?

• 62

• 18

• 33

• 08

What is the definition of a "need"?

• Something you do not need to survive.

• Something you would like to have.

• Something that is important for you to have.

• Something that is necessary for you to survive.