A computer is on sale for $500. In addition, the retailer offers a store credit card with a 19 percent interest rate and minimum monthly payments of 2.5 percent of the balance. If you accept those terms and make minimum payments, you'll own that computer in:

A little more than one year.

A little more than three years.

A little more than seven years.

What percentage of older teens have their own credit cards?

50 percent

35 percent

20 percent

You can't meet your credit card minimum this month. You:

Let it ride and double up next month.

Borrow from parents.

Send in the money as soon as you have it, but don't stress if it's a couple of days late.

You get back from the mall and realize that your credit card is missing. You:

Don't worry about it. Plastic is protected. If it falls into the wrong hands, you can dispute the charges when the bill arrives.

Give yourself a day or two to find it. If you can't, then call the card company and report it missing.

Call the card company immediately. Cancel the card and have them issue a new one.

Saving is:

A painful reality.

An option, if you can put together the money you need in a few months.

For losers who can't get credit.

The major source of money management information for teens is:

Home

School

Friends

The media

Who needs to live on a budget?

Poor people who can't meet their bills.

Middle-income people in financial trouble.

Anyone with money and a pulse.