Would you like to test your money management skills with this quiz that we have designed for you? Money management is meant by the process of budgeting, saving, investing, spending, or otherwise overseeing the financial usage of an individual or group. Money management plays a vital role in an individual's financial life. If your money management is not good, it can create some big problems in the future. Let's see what you know about money management.
Interest rates are higher than money market rates.
Interest rates are lower than money market rates.
Interest rates are equal to money market rates.
There are no interest rates.
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One month's worth of take-home pay
Two months' worth of take-home pay
Four months' worth of take-home pay
Six months' worth of take-home pay
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1 to 3
3 to 6
5 to 9
9 to 12
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Always be avoided
Be avoided as much as they can be
Rarely be avoided
Always be accepted
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Ten percent
Thirty percent
Fifty percent
Ninety percent
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Up to 28 percent
Up to 38 percent
Up to 48 percent
Up to 60 percent
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Both are not important.
Saving money should always be given priority.
Paying credit card bills first is better to avoid interest.
Both are equally important, and one can decide for themself.
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5 percent
10 percent
15 percent
20 percent
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A certificate of deposit
A savings account
A checking account
None of these
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