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Wise Financial Literacy with 100% correct answers
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Wise Financial Literacy with 100% correct answers
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WiseFinancial
Literacy
In
order
to
get
spending
under
control,
a
person
should
first
-
ANS-create
a
budget
of
current
income
and
expenses.
Comparison
shopping
for
a
car
is
necessary
because
-
ANS-the
price
for
the
car
can
vary
a
great
deal.
Financial
planners
generally
stress
the
importance
of
starting
to
save
and
invest
early
because
-
ANS-of
the
power
of
compounding
and
appreciation.
An
important
feature
of
a
good
financial
goal
is
that
the
goal
-
ANS-has
a
specific
time
frame.
Purchasing
power
decreases
and
it
costs
more
money
to
buy
more
good
when
there
is
an
-
ANS-inflation.
What
strategy
can
help
a
person
achieve
her
goal
to
buy
a
house?
-
ANS-Following
a
budget
that
allows
for
saving.
A
college
student
has
to
live
on
a
tight
budget.
Before
making
a
decision
to
buy
the
newest
cell
phone,
which
question
should
he
ask
himself
first?
-
ANS-Is
the
new
cell
phone
a
need
or
want.
Which
of
the
following
quotes
is
sound
financial
advice?
-
ANS-"A
penny
saved
is
a
penny
earned."
Fixed
expenses
include
-
ANS-rent.
Mandatory
deductions
from
a
person's
paycheck
include
-
ANS-federal
withholding
tax
and
FICA.
When
should
a
person
begin
contributing
to
a
retirement
plan?
-
ANS-As
young
as
possible.
Which
of
the
following
is
the
source
of
income
for
most
people
aged
20-35?
-
ANS-Wages/salary
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