Money Management/Financial Planning Flashcards
(5 cards)
1
Q
What are sources of income?
A
Paycheck, dividends, interests, and inheritance are a few examples.
2
Q
a payment order for a pre-specified amount of money. As it is required that the
funds be prepaid for the amount shown on it, it is a more trusted method of payment than a check.
A
Money Orders
3
Q
When an offer is out of the ordinary, or seems too good to be true, it usually is to
be avoided.
A
Common sense
4
Q
Opportunity cost
A
The next best alternative
5
Q
Who is the most hurt and the least hurt with inflation?
A
Lenders and those on fixed incomes are most hurt by inflation.
Least likely hurt are those in debt or
borrowers.
