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Money Management Skills: True / False Questions
Money Management Skills: True / False Questions
Chapter 02
True False
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not
authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated,
forwarded, distributed, or posted on a website, in whole or part.
2. Money management refers to annual financial activities necessary to manage personal economic
resources.
True False
3. The focus of an organized system of financial records is to reduce credit card usage.
True False
True False
5. Programs are available to help low-income older or disabled people who have difficulty
budgeting.
True False
True False
7. In an organized system, birth and marriage certificates belong in a safe deposit box.
True False
True False
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not
authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated,
forwarded, distributed, or posted on a website, in whole or part.
9. Financial records that may need to be referred to on a regular basis should be kept in a safe
deposit box.
True False
10. In an organized system, account summaries showing the performance results of investments
belong in a computer or online.
True False
True False
12. Wills and Social Security data should be kept for up to 10 years.
True False
13. The two primary personal financial statements include the personal balance sheet and a credit card
payoff statement.
True False
14. The current financial position of an individual or family is a common starting point for financial
planning.
True False
True False
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not
authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated,
forwarded, distributed, or posted on a website, in whole or part.
16. Current liabilities are the debts you must pay within a short time, usually less than a year.
True False
17. Most people liquidate their assets to calculate their net worth.
True False
18. A cash flow statement uses this equation: Assets - Liabilities = Net worth.
True False
19. A cash flow statement uses this equation: Total cash received during the time period - Cash
outflows during the time period = Cash surplus (deficit).
True False
20. When completing a cash flow statement, deductions are subtracted from salary to determine take-
home pay.
True False
21. When completing a cash flow statement, take-home pay less deductions equals salary.
True False
22. Financial advisers suggest that an emergency fund should cover one to two months of living
expenses.
True False
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not
authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated,
forwarded, distributed, or posted on a website, in whole or part.
23. When creating a budget, it is important to save the amount you have left at the end of the month.
True False
24. One method to spend more money is to use a direct deposit system from payroll.
True False
25. One method to save more money is to write a check each payday and deposit it in a savings
account not readily available for regular spending.
True False
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not
authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated,
forwarded, distributed, or posted on a website, in whole or part.
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therefore thought good to require you uppon receipt heereof to take order
that the aforesaid third company may be suppressed and none suffered
heereafter to plaie but those two formerlie named belonging to us, the
Lord Admyrall and Lord Chamberlaine, unles you shall receave other
direccion from us. And so, &c.
cxv.
[1598, May 1. Abstract from Vestry records of St. Saviour’s, Southwark, by W.
Rendle, Bankside, vi, in Harrison, ii, App. i.]
It had been ordered, May 1, 1598, that Mr. Langley’s new buildings
shall be viewed—they were near to the Paris Garden playhouse—and
that Mr. Henslowe and Jacob Meade shall be moved for money for the
poor on account of the playhouses.
cxvi.
[1598, July 19. Extract from Vestry records of St. Saviour’s, Southwark, printed
in Variorum, iii. 452, and by W. Rendle, Bankside, v, in Harrison, ii, App. i.]
It is ordered that the churchwardens shall talk with the players for
tithes for their playhouses within the liberty of the Clinke, and for money
for the poore, according to the order taken before my lords of Canterbury
and London and the Master of the Revels.
cxx.
[1600, April 1. Abstract of entry in Roll of the General Sessions of the Peace
for Middlesex, printed by J. C. Jeaffreson, Middlesex County Records, i. 260. The
proclamation referred to must, I suppose, be the old one of 1559 (No. x). I do not
know of any Star Chamber order about plays, but it is quite possible that one was
made in 1597, and not recorded in the Council Registers, as the Star Chamber had
its own Clerk, distinct from those of the Privy Council.]
Notingham
G Hunsdon
Ro: Cecyll
Letter of this tenour to the Lord Maiour of London, the Justices of the
Peace of the counties of Midlesex and Surrey. By occasion of some
complaintes that of late have bin made unto us of the multitude of houses
servinge for common stage-playes in and aboute the citty of London, and
of the greate abuses and disorders growen by the overmuch haunte and
resorte of many licentious people unto those houses and places, we have
entred into consideracion of some fitt course to be taken for redresse of
the saide disorders by suppressing dyvers of those houses and by some
restrainte of the imoderate use of the plaies. For which cause wee have
sett downe certaine orders to be duely henceforth observed and kept, a
copy whereof we sende you hereinclosed, and have sent the like to the
Lord Maiour of London and to the Justices of the Peace of Middlesex.
But as wee have donne our partes in prescribinge the orders, so unlesse
you perfourme yours in lookinge to the due execution of them wee shall
loose our labour and the wante of redresse must be imputed unto you and
others unto whome it apperteyneth, and therefore wee doe hereby
authorize and require you to see the said orders to be putt in execucion
and to be continued, as you do wish the amendement of the aforesaide
abuses and will remove the blame thereof from your selves. And so, &c.
cxxvi.
[1601, March 11. Privy Council Minute, printed Dasent, xxxi. 218.]
A letter to the Lord Mayour requiring him not to faile to take order
the playes within the cyttie and the liberties, especyally at Powles and in
the Blackfriers, may be suppressed during this time of Lent.
cxxvii.
[1601, May 10. Privy Council Minute, printed Dasent, xxxi. 346.]
T Buckurst
E Worcester.
Ihon Stannop:
Io: fortescu.
Notingham
W: Knowlis
Ro: Cecyll.
I: Herbert.
cxxxi.
[1603, March 19. Abstract of Privy Council Minute, printed Dasent, xxxii. 492,
from Addl. MS. 11402.]
Letters to the Lord Mayor and Justices of Middlesex and Surrey for
the restraint of stage-plaies till other direction be given.
cxxxii.
[1603, May 7. Extract from Procl. 944, printed, with ‘in their lewd’ for
‘Enterludes’, in Strype, Annals, iv. 528.]
And for that we are informed that there hath beene heretofore great
neglect in this kingdome of keeping the Sabbath-day: For better
observing of the same, and avoyding all impious prophanation, we do
straightly charge and commaund, that no Beare-bayting, Bulbayting,
Enterludes, Common Playes, or other like disordered or unlawful
Exercises, or Pastimes, be frequented, kept, or used at any time hereafter
upon the Sabbath-day.
cxxxiii.
[1603, May 19. Patent for King’s men; cf. text in Bk. iii.]
Gives authority to perform plays at the Globe and in convenient
places in towns elsewhere.
cxxxiv.
[1604, Feb. 4. Patent for Children of the Queen’s Revels; cf. text in Bk. iii.]
Nottingham
Suffock
Gill Shrowsberie
Ed Worster
W: Knowles
J: Stanhopp
To our verie good L. the Lord Maior of the Cittie of London and to the
Justices of the Peace of the Counties of Midlesex and Surrey. L. Maiore.
cxxxvi.
[1604, July 7. Extracts from An Acte for the Continuance and Explanation of
the Statute made in the 39 yeere of the Raigne of our late Queene Elizabeth,
intituled An Acte for Punishmente of Rogues, Vagabondes and Sturdie Beggers (1
Jac. I, c. 7), printed in Statutes, iv. 1024. The Act was amended in detail by 7 Jac.
I, c. 4, in 1610 (St. iv. 1159).]
[§ 1.] Whereas by [39 Eliz. c. 4] ... it was enacted, That all persons
callinge themselves Scholers goinge aboute begginge, all Seafaringe men
pretending losse of their Shippes or Goods on the Sea, goinge aboute the
Countrie begginge, all idle persons goinge aboute in any Countrie, either
begginge, or usinge any subtile Crafte or unlawfull Games or Playes, or
fayninge themselves to have knowledge in Phisiognomie Palmestry or
other like craftye Science, or pretendinge that they can tell Destinies
Fortunes or such other like fantasticall Imaginations; all persons that be,
or utter themselves to be Proctors Procurers Patent Gatherers or
Collectors for Gaoles Prisons or Hospitals; all Fencers Bearwardes
common Players of Enterludes, and Minstrels wandringe abroad, (other
then Players of Enterludes belonginge to any Baron of this Realme, or
any other honourable Personage of greater Degree, to be authorized to
play under the Hande and Seale of Armes of such Baron or Personage)
shalbe taken adjudged and deemed as Rogues Vagabondes and Sturdie
Beggers, and shall suffer such Paine and Punishment as in the said Acte
is in that behalfe appointed, as by the same Acte more at large is
declared; Sithence the making of which Acte divers Doubtes and
Questions have bene moved and growen by diversitie of Opinions taken
in and upon the letter of the said Acte: For a plaine Declaration whereof
be it declared and enacted, That from henceforthe no Authoritie to be
given or made by any Baron of this Realme or any other honourable
Personage of greater Degree, unto any other person or persons, shall be
availeable to free and discharge the saide persons, or any of them, from
the Paines and Punishmentes in the saide Statute mentioned, but that they
shall be taken within the Offence and Punishment of the same Statute.
[§ 3.] Amends 39 Eliz. c. 4, § 4, which provided for banishment of
dangerous rogues, by providing for branding and setting to labour in
place of settlement; a second offence to be felony, without benefit of
clergy.
[§ 6.] Continues 39 Eliz. c. 4 as amended.
[§ 8.] Reserves privileges of John Dutton.
cxxxvii.
[1604, Oct. 13. Letter of Assistance from the Duke of Lennox for his players,
printed by W. W. Greg from Dulwich MS. i. 40, in Henslowe Papers, 62; also in
Collier, Alleyn Memoirs, 69.]
A lettre to the Lord Mayor to forbidde Stage plaies & to take order
that the infectede bee kept in their howses, &c.
Like lettres to the Iustices of the peace of Middlesex & Surrey.
cxl.
[1605, Dec. 15. Abstract of Privy Council Minute, printed M. S. C. i. 372, from
Addl. MS. 11402, f. 109.]
For the preventing and avoyding of the greate Abuse of the Holy
Name of God in Stagelayes, Interludes, May-games, Shewes, and such
like; Be it enacted by our Soveraigne Lorde the Kinges Majesty, and by
the Lordes Spirituall and Temporall, and Commons in this present
Parliament assembled, and by the authoritie of the same, That if at any
tyme or tymes, after the end of this present Session of Parliament, any
person or persons doe or shall in any Stage play, Interlude, Shewe, May-
game, or Pageant jestingly or prophanely speake or use the holy Name of
God or of Christ Jesus, or of the Holy Ghoste or of the Trinitie, which
are not to be spoken but with feare and reverence, [? such person or
persons] shall forfeite for everie such Offence by hym or them
committed Tenne Pounds, the one moytie thereof to the Kinges Majestie,
his Heires and Successors, the other moytie thereof to hym or them that
will sue for the same in any Courte of Recorde at Westminster, wherein
no essoigne, Proteccion or Wager of Lawe shalbe allowed.
cxliv.
[1607, April 12. The Lord Mayor to the Earl of Suffolk, Lord Chamberlain,
printed M. S. C. i. 87, from Remembrancia, ii. 283.]
Gives authority to perform plays at the Red Bull and Curtain and in
convenient places in towns elsewhere, with a proviso saving the
authority, power, privileges and profits of the Master of the Revels.
cxlvii.
[1610, Jan. 4. Patent for the Children of the Queen’s Revels; cf. text in Bk. iii.]
T. Ellesmore Cancellarius.
E. Wotton:
H: Northampton:
Stanhop.
T. Suffolk:
clii.
[1613, Jan. 11. Patent for the Elector Palatine’s men; cf. Bk. iii, and text in M.
S. C. i. 275.]
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