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7. To determine a person's solvency, which financial document should be consulted? a. Cash flow statement b. Budget C. Balance sheet d. Credit report 8. Jennifer uses a computer to help her record her spending cach month. She updates her records each week. This would be an example of: a. A budget b. A balance sheet c. A liquid asset d. Money management 9. Nick has a savings account with $50,000 in it. He knows that he can withdraw money from his savings account whenever he wishes. This would be an example a. Money management b. A balance sheet c. Aliquid asset d. Net worth 10. Which of the following is NOT correct? a. Using credit is appropriate to pay for medical emergencies. b. Using credit can increase the amount of money that will be available to spend in the future. c. Using credit sometimes occurs automatically, such for water or electricity usage: d. Using credit cards usually makes returning merchandise without a receipt easier