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Money Management IQ Test

Money Management IQ Test. Bessie B. Moore Center for Economic Education. 1. A family should set savings goals and determine how much to save each month to reach those goals. True. 2. You should use a credit card when you see something you WANT but can’t afford at the moment?. False.

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Money Management IQ Test

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  1. Money Management IQ Test Bessie B. Moore Center for Economic Education

  2. 1. A family should set savings goals and determine how much to save each month to reach those goals. • True

  3. 2. You should use a credit card when you see something you WANT but can’t afford at the moment? • False

  4. 3. You should save money for emergencies rather than use a credit card? • True

  5. 4. You should buy something immediately when you find it as it may be gone later. Comparing prices or researching quality is a waste of time. • False

  6. 5. A deposit is when you take money out of an account. • False

  7. 6. You should buy something that is on sale even if you don’t need it because you SAVEmoney. • False

  8. 7. Having a lot of money makes people happy! • False

  9. Neale Godfrey • Many thanks for all the wisdom you have imparted today!

  10. Thank you for your participation! Bessie B. Moore Center for Economic Education Sam M. Walton College of Business bmcee.uark.edu

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