Wealth 101: A Crash Course in Personal Finance

What is the first step in growing your money according to the text?

• Starting a business

• Setting up a checking and savings account

• Investing in stocks

• Buying real estate

How does the text describe a checking account?

• An account for retirement

• An account for investments

• An account for now

• An account for emergencies

What is one of the basic tips for managing your money safely?

• Invest in cryptocurrency

• Check your banking activity regularly

• Share your account details with friends

• Use the same password for all accounts

What should you do with your receipts according to the text?

• Store them online

• Throw them away immediately

• Ignore them

• Keep them and compare with your monthly statement

Why is it important to keep your account and card details private?

• To avoid paying taxes

• To guard your data

• To increase your credit score

• To earn interest

What should you avoid storing on your devices?

• Photos

• Music

• Online banking login details

• Games

What is recommended to do in case of suspicious activity?

• Call the police

• Ignore it

• Change banks

• Sign up for account alerts

How often should you update your online banking password?

• Every decade

• Never

• Every year

• Frequently

What is the purpose of understanding each of your accounts?

• To spend more money

• To grow your money and keep it safe

• To avoid paying fees

• To close unnecessary accounts

Which of the following is NOT a tip mentioned for managing your account?

• Set a strong password for online banking

• Store online banking login details on your devices

• Keep your account and card details private

• Check your banking activity regularly