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.