True or False
Borrowing money has no fees as long as you pay it back on time
What is false
Which of these is NOT a need? Food, Entertainment, Shelter, Clothing
What is entertainment
Who is on the one dollar bill?
Who is George Washington
How old do you have to be to open a bank account on your own?
A scholarship is something you have to pay back
Should you build your budget off of your gross income or net income?
What is net income
What did early Americans do instead of using money?
What is bartering goods and services
Which of these is a variable expense: rent, house payment or electricity bill?
What is electricity bill
For the first time in history, credit card debt in America exceeds 1 trillion dollars
What is true
According to the 50/30/20 rule, what should 50% of your money go to?
What are nickels made of? Copper, silver, tungsten, or gold?
What is copper?
Which has the better unit price: 2 bags of chips for 5 dollars or 3 bags for 6 dollars?
what is 3 bags for 6 dollars
Credit Cards are an example of fixed debt, to be repaid each month
What is false
Which of these does not go into building your budget: How much you earn, variable expenses, fixed expenses, and credit score
what is credit score
Who is on the 2$ Bill? Ben Franklin, Thomas Jefferson, or George Washington?
Who is Thomas Jefferson
What payment method makes a debt you need to pay back later? Credit or Debit
What is Credit
Taking on debt can lead to higher interest rates on loans
what is true
What is gross income?
What is income before taxes
Why was the secret service originally created? (Hint it's about money!)
What is to combat counterfeiting
You have 1,000 dollars in a bank account with a static interest rate of 2%. How much money would you have in 5 years?
What is 1,100