Money Matters Final
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Compound intrest is intrest paid on intrest previously earned
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True
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The purpose of insurance is to transfer risk
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True
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It is not not necessary to carry to record debit card transactions in your check register because accounts are now online
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False
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Mutual Funds are comprised of several different stocks
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False
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A written budget will help you identify how and where you spend your money
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True
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It is not necessary to carry renters insurance if you live in a college dorm or don't have items of high value.
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False
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Your first \"Baby Step\" is to pay off all of your debt
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False
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Diversification means to spread around
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True
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With all investments, as the risk goes up, the return goes down!
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False
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Historically, the ten year periods in the history of the stock market have made money
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True
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The difference between saving and investing is the amount of interest you earn on your money
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True
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You need a credit card in order to rent cars and check in to hotels
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True
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The typical millionaire drives a reliable used car
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True
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If you absolutely have to loan money to help a friend or relative, co-signing is the way to go.
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False
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Silence is one of the most powerful, pressure-oriented aspects of negotiation
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True
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Making a good first impression is essential in the interview process
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True
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The power of cash is immediate
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True
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There is no interest charged on debit card purchases
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True
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A good age to open a checking account is between the ages of 13 and 15
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True
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Your salary is the most important motivator for working
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False
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Collision insurance pays for the damage to your car if you get into an accident
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False
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The purpose of insurance is to increase your investments
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False
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You should always use a realtor when selling a home
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True
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ARM and balloon mortgages are good options for people with bad credit
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False
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The multiple listing service (MLS) is the computer system that contains real estate listings from all realtors. We used a website called www.har.com
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True
