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Finance Chapter 4
| Question | Answer |
|---|---|
| True or False. Almost 70% of Americans are living paycheck to paycheck. | True |
| True or False. You have to build credit. | False |
| True or False. Credit is not necessary to survive. There is no good reason to go into debt. | True |
| True or False. You can spend money on whatever you want while in college and pay for it later when you're making more money. | False |
| True or False. You need a new car. | False |
| True or False. You should buy a car you can afford with cash. | True |
| True or False. If I loan money to a friend or relative, I will be helping them. | False |
| True or False. If I loan money to a friend or relative, the relationship will be strained or destroyed. | True |
| True or False. By co-signing a loan, I am helping out a friend or relative. | False |
| True or False. The bank requires a co-signer because the person isn't likely to repay. | True |
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