Money Management

IQ Test

Bessie B. Moore Centerfor Economic Education

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

OTrue

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

OFalse

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

OTrue

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.

OFalse

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

OFalse

6. You should buy something that is on sale even if you don’t need it because you SAVE money.

OFalse

7. Having a lot of money makes people happy!

OFalse

Neale Godfrey

OMany thanks for all the wisdom you have imparted today!

Thank you for your participation!

Bessie B. Moore Center for Economic Education

Sam M. Walton College of Business

bmcee.uark.edu