Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
MMM Study Guide Part 2
Test Description: Q 21-40
Instructions: Answer all questions to get your test result.
1) Why should you save money
A
all of these
B
to build wealth
C
for an emergency fund
D
for purchases
2) A measure of someone's credit risk that is found using a standardized formula is a
A
report card
B
annual score
C
credit score
3) What is a program that allows students to work part time while continuing their studies?
A
grant
B
scholarship
C
work study
4) A high school emergency fund should be
A
$1000
B
$50
C
$500
5) When a lender takes back something because you didn't make a payment on it they
A
repossess it
B
destroy it
C
refinance it
6) Our culture thinks that student loan debt is ____ and the only acceptable way to pay for college.
A
normal
B
unusual
C
necessary
7) What is reason you should know how to take care of your money?
A
so you can owe people lots of money
B
so someone else can take care of your money
C
to prevent future mistakes and increase your benefits
8) Delinquency is when
A
a borrower makes the minimum payments each month
B
a borrower is ahead on their payments
C
a borrower is behind on their payments
9) You should ___ wait overnight to make a major purchase so you have time to think about it
A
never
B
sometimes
C
always
10) When it comes to managing money
A
it is 50% knowledge/50% behavior (what you do and what you know are the same)
B
it is 80% knowledge/20% behavior (what you know is more important than what you do)
C
it is 20% knowledge/80% behavior (what you do is more important than what you know)
11) Money disagreements and stress are the
A
it has no effect on relationships at all
B
main cause of long happy marriage with no problems
C
leading cause of a short, unhappy marriage leading to divorce
12) Being able to recognize a brand by its logo, song, or characteristic is known as
A
brand recognition
B
popularity recognition
C
buyer recognition
13) When you set aside money for an emergency fund you should set aside
A
3 to 6 months worth of your salary
B
1 years worth of your salary
C
1-2 weeks worth of your salary
14) What is a type of card issued by a bank that allows users to finance a purchase?
A
rewards card
B
credit card
C
debit card
15) The total estimated student loan debt unpaid is over
A
1 billion
B
1 trillion
C
7 trillion
16) How do people get into debt?
A
by spending more than they have
B
by saving a percentage of what they make
C
by putting money aside for emergencies
17) Making a budget will account for every dollar that you earn AND
A
make you buy nice expensive things
B
make you more likely to overdraft
C
make your money go further
18) What is an undergraduate academic degree awarded by colleges upon completion of 2 years of studying?
A
trade school degree
B
bachelors degree
C
associates degree
19) Debt is when you
A
owe money and don't have enough to pay it off
B
leave your money to someone else when you die
C
make more money than you did before
20) Before you can make a personal finance plan, you
A
need to look at how much money you have now
B
need to make a lot of money
C
need to get a credit card
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?