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- 1. Multiple Choice
It is better to pay by credit card when purchasing items?
True
False
- 2. Multiple Choice
The least amount that must be paid on a credit card balance each month is the
Minimum payment
Credit limit
Late fee
Money time
- 3. Multiple Choice
It is better to have a
Visa card
Mastercard
Debit card
American Express card
- 4. Fill in the Blank
Before receiving a loan you will need to sign a
- 5. Multiple Choice
According to Moneysmart a good target to have in your emergency fund in case something happens is
approximately $500
enough to cover 3 months of expenses
emergency fund... what emergency fund ...
enough to cover subscription and entertainment expenses
- 6. Multiple Choice
When you put money into a savings account, you'll earn extra money called interest. If you leave that interest in the account along with the original amount, it
compounds
earns
is compulsory
is a deposit
- 7. Multiple Choice
If you want to buy a house, then you should start with identifying
a house to buy
a good location to live in
SMART goals
SMIRT goals
- 8. Multiple Choice
The bank will NOT grant a loan to your 25 year old sister, if she
is trustworthy and has exceptionally good credit
has no credit history or a job to pay them back
has a reasonable plan for the money she needs to borrow
has other assets to offer as security for the loan
- 9. Multiple Choice
Most banks offer an app so you can log in to check how much money has been deposited, spent, and so you know your account
withdraw
deposit
budget
balance
- 10. Multiple Choice
When wanting to buy a 'smart' television, it is best to
wait until a new model comes out before purchasing
use a credit card
save up a deposit and then use a credit card
save up for it and pay with your debit card
- Answer choicesTagsAnswer choicesTags