51.The money management method that is most likely to work in a two-career, highly egalitarian marriage where the spouses have different values about saving and spending is where the:
a.husband makes all money decisions.
b.spouses have separate funds and share financial obligations.
c.spouses have a joint account upon which each can draw.
d.wife makes all money decisions.
52.Charlie and Rachel are newlyweds. They both went through a divorce previously. What is the most likely scenario of their monetary situation?
a.All situations are unique, so theirs cannot be determined.
b.It is likely that Charlie and Rachel will maintain separate funds.
c.They will most likely have a joint account and give themselves an allowance.
d.Charlie will allow Rachel to make all of the decisions.
53.Pooling money is more highly favored by married couples than cohabiting couples, probably because married couples feel more:
a.permanent.
b.in debt.
c.intimate.
d.generous.
54.Mike and Laura are married. Mike works outside the home, while Laura does not. Money may be used as a source of ____________ by Mike.
a.need
b.happiness
c.sharing
d.power
55.An example of a discretionary expenditure is:
a.going to the grocery store.
b.replacing children’s worn-out clothes.
c.a trip to Disney World.
d.maintaining a car.
56.The term used to describe a spending plan that assures what is needed and wanted is attained is:
a.open-credit.
b.budget.
c.consumer trap.
d.installment buying.
57.Americans spend the largest percentage of their income on:
a.food.
b.taxes.
c.housing.
d.medical care.
58.Saving is really:
a.a discount loan.
b.investment debt.
c.deferred spending.
d.a consumer good.
59.Financial independence is synonymous with:
a.freedom.
b.bankruptcy.
c.credit.
d.marriage.
60.The first step in the budgeting process is to allot money for:
a.savings.
b.necessities.
c.education.
d.retirement.