11.To budget formally is to gain control over one's financial life.
12.The only way to save money is to put it into a savings account.
13.The economy alternates between relatively long periods of recession and shorter periods of inflation.
14.If income rises at the same rate as prices, buying power also rises.
15.Inflation tends to favor the borrower.
16.A 5% inflation rate each year means that a dollar will lose over half its value in three years.
17.To cope with inflation, the prudent money manager will want to buy as much real estate as possible.
18.Medical coverage limited to catastrophic illness has a large deductible.
19.In most states, it is illegal to drive without auto insurance.
20.If the money spent on home ownership were saved and invested wisely, it would probably make more money than it would accrue through appreciation of a home.
21.Where one lives is an important determinate of the kind of values that are passed to children.
22.Median home price declines have become more frequent in the past few years.
23.Once the decision is made to buy a home, the first consideration is affordability.
24.A positive attitude toward investment is actually more important than the investment itself.
25.In recent years, the government has removed the incentive to save by eliminating several savings plan options.