* The premise for the book (The Key: Wise Money Choices for Teens) is based on a Survey of:

• 100 teens and their parents
• 100 high school teens
• 100 middle, junior and high school students

* What is the safest option to make your money grow?

• investing in stocks
• investing in your friend’s business
• bank savings account/Gov’t savings bonds
• all of the above

* The principles of wise finance can often translate into becoming a disciplined person.

• True
• False

* The US Federal Government always has adequate Gold and Silver to back each coin or paper dollar printed.

• True
• False

* Each time you receive money from a job or as a gift, you should:

• save all of it
• give some of it to charity
• budget and save some
• buy what you want and save what's left
• all of the above

* Money is used as a ___ of ____ in our society.

• system, reward
• form, payment
• tool, spending

* In some cultures ____ is used to trade with one another to acquire goods and services.

• euro
• currency
• barter

* The need to earn money drives us to play the lottery.

• True
• False

* Giving your time, talents, skills or money to charity is a biblical principle.

• True
• False

* The most common option to get money is:

• inheritance
• borrowing
• working as an employee
• owning a business

* Having a ________ is the first lesson in money management.

• checking account
• budget
• job

* Keeping track of your expenditures is a form of

• record keeping
• discipline
• money management
• all of the above

* Use of a credit card can lead to

• impulse purchases
• spending money you do not have
• not keeping track of your spending
• building your credit history
• all of the above

* Which is not a Credit Bureau?

• TransUnion
• Telefax
• Experian

* Which of the following is a good credit score?

• 300
• 500
• 700

* Which of the following will help you get a good credit score?

• pay your bills on time
• debit card
• a credit card

* The best way to help protect yourself from ‘identity theft’ is:

• giving your personal information to legitimate, secure websites
• travel in groups
• carry your social security card around with you

* A good budget is one where monthly expenses exceed monthly income.

• True
• False

* Which is not a purpose of a savings account?

• emergencies
• everyday purchases
• build for your future
• charitable cause

* Which is not true? Saving for a purpose:

• is a motivating factor
• helps develop self-discipline
• helps in the purchase of that "Smart" looking car
• purchase school supplies.

* The purpose of a budget is:

• prevent impulse spending
• keeps expenses in line with income
• helps develop a habitual savings plan
• all of the above

Spending what one doesn’t have and buying what one doesn’t need are prevalent behaviors in our culture; however, it is an individual’s responsibility to begin to take control of your money now or end up in debt later. One way to become financially responsible and disciplined is to develop a budget and stick to is until is becomes a habit!

• agree.