1-When is your cash flow “in the red”?
A-Income > Spending
B-Spending > Income
C-Net cash flow > Income – Spending
D-Net cash flow > Spending – Income
2-Define opportunity cost.
A-The money it costs to take advantage of an opportunity.
B-The cost of an alternative that must be forgone in order to pursue a certain action.
C-Payment for an opportunity.
D-The cost of purchasing necessities.
3-Which of these is a strategy to spend less and earn more?
A-Pay yourself as soon as you’re done with your monthly shopping.
B-Automatically transfer savings and investments out of your paycheck or checking account.
C-Just say no.
D-All of these.