Survival in the Real World
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| show | learning to manage money at this stage can eliminate financial mistakes and promote huge financial benefits in the future
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| show | managing your money behavior
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| When it comes to managing money, success is about _______% knowledge and _______% behavior. | show 🗑
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| show | the savings rate of Americans is low and many borrow money to spend more than they earn
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| show | behavior
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| During the Great Depression, New Deal policy-makers came up with mortgage (home loans) and consumer lending policies that convinced commercial banks that: | show 🗑
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| Which of the following is a consequence of overdrawing your checking account? | show 🗑
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| show | make overspending more likely
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| Which of the following is something that a typical millionaire would do? | show 🗑
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| Rent is: | show 🗑
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| show | variable
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| show | 70
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| show | every dollar has a purpose
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| show | the more liquid, the less return
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| A reason that people need to save and invest money is to: | show 🗑
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| show | dividend
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| Savings accounts and money-market accounts are most appropriate for: | show 🗑
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| The benefit of diversification in your investments is: | show 🗑
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| To ensure that some of your retirement savings will not be subject to income tax upon withdrawal, you should contribute to: | show 🗑
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| A young investor willing to take moderate risk for above average growth would be most interested in: | show 🗑
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| In some cases, employers will match the employee contribution, but you should fund your plan whether your company matches or not. This statement refers to: | show 🗑
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| show | 403B
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| A savings account sold by an insurance company, designed to provide payments to the holder at specified intervals, usually after retirement. | show 🗑
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| Quality of an asset that permits it to be converted quickly into cash without loss of value; availability of money. | show 🗑
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| Relationship of substantial reward compared to the amount of risk taken | show 🗑
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| A list of your investments | show 🗑
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| show | share
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| Securities that represent part ownership or equity in a corporation | show 🗑
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| Money that is invested, either tax free or tax-deferred, within a retirement plan | show 🗑
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| show | dividends
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| show | overdraft
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| A cash flow plan that assigns and expense to every dollar in your income, wherein the total income minus the total expenses equals zero | show 🗑
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| A written cash flow plan | show 🗑
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| Expenses that remain the same from month to month | show 🗑
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| Money set aside and left alone for “a rainy day.” | show 🗑
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| show | sinking fund
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| show | interest rate
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| show | compound interest
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| show | landlord
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| show | lease
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| To force a tenant to leave a property usually because he or she failed to comply with the terms of the rental or lease agreement. | show 🗑
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| A person who rents a house or an apartment for a fixed period of time. This arrangement is usually under the terms of a lease or some similar legal agreement. | show 🗑
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| When it comes to health insurance, copays and deductibles are... | show 🗑
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| What would have the most severe effect on your credit score? | show 🗑
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| show | Missing a payment
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| Piece of ownership in a company mutual fund, or other investment | show 🗑
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| Quality of an asset that permits it to be converted quickly into cash without loss of value; availability of money | show 🗑
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| show | a lower premium
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| show | theft, fire, vandalism, or other damage not related to an accident
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| Collision coverage pays for ____________________ | show 🗑
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| show | damage or injury for which you are responsible
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| Going to an in-network doctor is a good idea, because... | show 🗑
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| The number one reason risk pooling is valuable to the insurance industry is... | show 🗑
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| show | 70
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| If someone uses your car and causes an accident, what will happen? | show 🗑
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| What form do you have to fill out on the first day of your job that tells your employer how much money to withhold from your check for taxes? | show 🗑
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| Copays and deductibles are | show 🗑
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| show | Until he/she is 26 years old
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| show | It has information about how much money you have made and had withheld from your check for taxes.
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| A Target Date Fund will adjust by | show 🗑
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| show | Mutual funds are actively managed by a professional while index funds are not.
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| show | It's free
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| show | Payment history and amounts owed
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| What type of auto insurance are you required to carry in almost every state (49 out of 50)? | show 🗑
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| show | coinsurance
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| What is an insurance premium? | show 🗑
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| show | Comprehensive
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Created by:
gcowing
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