a dollar signed being squeezed

The Importance of Managing Money: Take the Test

1. Your income is the money in your bank account.

True
False

2. A debit card is the same as a credit card.

True
False

3. Employers have the right to take your taxes directly from your paycheck.

True
False

4. Your money is safe in a bank, even if the bank is flooded or catches on fire.

True
False

5. You can only have one bank and bank account.

True
False

6. Everyone pays the same amount in taxes.

True
False

7. You don't need a lot of money to have a checking or savings account.

True
False

8. It is cheaper to take out a bank loan than to owe money on your credit card.

True
False

9. You can open your own retirement account.

True
False

10. Having a budget only helps if you have a lot of money.

True
False


Mountain State Centers for Independent Living
www.mtstcil.org