Page 2 Flashcards

1
Q

FDR passed the new deal because of the

A

to promote economic recovery and social reform

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2
Q

you should __ and __ your money

A

save, invest

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3
Q

if your assets total more than you liabilities

A

positive

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4
Q

What are the 5 foundations

A

a personal financial action plan

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5
Q

your money personality impacts…

A

how you handle your money

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6
Q

What does living paycheck to paycheck mean

A

occurs when a persons income is devoted to expenses which, in turn, means little to no money in savings

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7
Q

natural saver or spender, not both

A

false

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8
Q

in 1972 what ass. made borrowing money to attend college a thing

A

SLMA

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9
Q

Without debt you can be outrageously

A

generous

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10
Q

Set financial goals they should be…

A

specific, measurable, time-sensitve, yours, and written

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11
Q

As a single adult you should

A

Keep managing your money as a priority

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12
Q

Credit is now

A

normal in american culture

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