
Chapter 1 Test
Flashcard
•
Social Studies
•
12th Grade
•
Hard
Wayground Content
FREE Resource
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19 questions
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1.
FLASHCARD QUESTION
Front
Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal.
Back
True
2.
FLASHCARD QUESTION
Front
You should always make sure you have a…
Back
Budget
3.
FLASHCARD QUESTION
Front
To gain an understanding of your personal finances, you should know . . .
Back
Where you stand financially, how much income you have, what goals you want to set, and how you’ll reach those goals
4.
FLASHCARD QUESTION
Front
What is The First Foundation?
Back
Save a $500 emergency fund.
5.
FLASHCARD QUESTION
Front
Being a spender has many more positives than being a saver.
Back
True
6.
FLASHCARD QUESTION
Front
Avoiding debt can give you financial peace and a sense of hope for the future.
Back
True
7.
FLASHCARD QUESTION
Front
To know your net worth, subtract your liabilities from your ______.
Back
Assets
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