Chapter 4 Review

Almost ____% of Americans are living paycheck to paycheck.

• 50

• 60

• 70

Tags

CCSS.HSS.IC.A.1

CCSS.HSS.IC.B.4

CCSS.HSS.ID.A.4

MYTH or TRUTH: you can spend money on whatever you want while in college and pay for it later when you're making more money.

• Myth

• Truth

Tags

CCSS.HSA.CED.A.1

MYTH or TRUTH: You should buy the car you can afford - with cash

• Myth

• Truth

______ debt, save for emergencies and large purchases and learn to say no, even when people around you won't.

• Avoid

• Earn

MYTH or TRUTH: If I loan money to a friend or relative, I will be helping them

• Myth

• Truth

MYTH or TRUTH: The bank requires a co-signer because the person isn't likely to repay .

• Myth

• Truth

MYTH or TRUTH: Cash advance, payday lending, rent-to-own, title pawning and tote-the-note lots are needed services.

• Myth

• Truth

Eighty percent of ________ in America are first-generation rich.

• billionaires

• millionaires

Tags

CCSS.HSS.IC.A.1

CCSS.HSS.IC.B.4

MYTH or TRUTH: the lottery is a tax on the poor and people who can't do math.

• Myth

• Truth

Tags

CCSS.HSS.ID.C.9

MYTH or TRUTH: Car payments are a way of life, and you'll always have one.

• Myth

• Truth