Quiz Week #13

What are the four types of Money Personalities

• Saver

• Investor

• Balancer

• Spender

• Creater

What is APR?

• Yearly interest rate charged on your credit card

• Amount of time you have to pay your balance

• Amount of money you pay to access your credit card

• Minimum required payment

What is the main purpose of a credit score?

• to help lenders decide about lending you money

• to measure your income and expenses

• to show how much money you have saved

• to help you prioritize spending

What is a budget?

• spending plan

• payment timeline

• minimum required payment

• interest rates

Match the 50/30/20 Rule

• savings

• 50

• wants

• 30

• needs

• 20

What is the unit price?

• $8.49

• $0.05

• $32.62

You wish to create an emergency fund of 3 moths of income. You earn $3000 each month.

Your fund balance will be _______

• $9000

• $3000

• $6000

• $12000

An emergency fund is for unplanned expenses such as

• rent

• insurance

• medical expenses

• groceries

Match the following pay periods in ONE YEAR

• 12

• semi-monthly

• 24

• bi-weekly

• 52

• monthly

• 26

• weekly

A card linked to your bank account, so the money you spend comes directly from your checking account.

• Credit

• Debit