Money/Banking Flashcard

Front

Which is the MOST liquid? Checking , Savings, Investments, Credit

Back

Checking

Front

Should you invest money currently in your savings if you plan to use it to buy a car in the next 2 years?

Back

No

Front

What are the two ways you can make money in this world?

Back

Work for your money, Money works for you

Front

You should only invest after you have no debt?

Back

True

Front

How many months of expenses should your savings account have in it?

Back

3-6 months

Front

Is a credit score important?

Back

Maybe/Sometimes

Front

Credit is a number that demonstrates your ability to pay back...

Back

debt, debts, credits

Front

A debit card is connected to your..

Back

Checking Account

Front

What does APR stand for?

Back

Annual Percentage Rate