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. O True

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

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

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

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

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

9. Neale Godfrey O 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