© Educational Video Network, Inc. 2005 - www.evndirect.com
Your leading source for curriculum-based educational videos and DVDs.
Order this item online today!
|
Study Guide Answers
|
|
1.
What is debt?
|
|
|
A condition of owing money to someone else |
|
|
2.
Individuals who are burdened by debt that cannot be repaid can do what?
|
|
|
Declare bankruptcy |
|
|
3.
The term ____________ refers to the mount of a loan.
|
|
|
Principal |
|
|
4.
Debt itself is always a bad thing. True or False.
|
|
|
False - it's not necessarily a bad thing. |
|
|
5.
What is "living within your means?"
|
|
|
Not spending more than you earn. |
|
|
6.
What is the best way to efficiently manage money?
|
|
|
Devise a budget |
|
|
7.
What will happen if you do not consistently pay your bills on time?
|
|
|
You will get a bad credit record. |
|
|
8.
______________ is the pre-disclosed percentage you will have to pay extra of your credit card bill is not paid in full each month.
|
|
|
Interest |
|
|
9.
You should always try to ____________ a portion of your earnings.
|
|
|
Save |
|
|
10.
The amount of interest charged to your credit card bill is cumulative. True or False.
|
|
|
True |
|
|
11.
If you choose to get a _______________, research the matter thoroughly.
|
|
|
Credit card |
|
|
12.
When dealing with loans, you must consider the ___________ and _________ involved.
|
|
|
Principal, Interest |
|
|
13.
It's never too late to develop good financial habits. True or False.
|
|
|
True |
|
© Educational Video Network, Inc. 2005 - www.evndirect.com
Your leading source for curriculum-based educational videos and DVDs.
|