Personal Finance

Front

What is a reasonable expense to cover using a loan from a bank? Options: a new car, a concert ticket, a restaurant bill, a parking ticket fee

Back

a new car

Front

Why is it a good idea to pay cash for purchases whenever possible?

Back

Paying with credit can be more expensive than paying with cash.

Front

What is one risk of using credit cards?

Back

getting into too much debt

Front

What is one difference between saving and investing?

Back

People who save their money are less likely to lose money than people who invest.

Front

What is the MAIN purpose of investing?

Back

to make money

Front

Which statement about investments is correct? Options: There is no guarantee an investment will pay off., Investments always pay more than savings accounts., Investments are insured by the United States government., There is less risk in investing than in opening a savings account.

Back

There is no guarantee an investment will pay off.

Front

What statement BEST describes saving?

Back

setting aside money for the future

Front

What is the purpose of an emergency fund?

Back

to pay for unexpected costs

Front

Darius wants to buy a new car. He has a well-paying job, but knows that he must save his money for awhile before he can afford the car. What should Darius do first?

Back

create a budget

Front

Who would MOST likely provide innovation and creativity to an economy?

Back

entrepreneurs