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Chp 5 Savings

Chp 5 Savings

Assessment

Flashcard

Other

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

According to experts, your emergency fund should include enough money to cover your expenses for...

Back

3-6 months

2.

FLASHCARD QUESTION

Front

A payroll savings plan (PSP) is another application of which strategy?

Back

pay yourself first

3.

FLASHCARD QUESTION

Front

What does maximize mean?

Back

make as large or great as possible.

4.

FLASHCARD QUESTION

Front

Which of the following strategies will help make your savings grow? Pay yourself only with discretionary money after all bills are paid. Make savings a regular part of your budget. Make frequent withdrawals. Choose accounts with low interest rates.

Back

Make savings a regular part of your budget.

5.

FLASHCARD QUESTION

Front

Restrictions, fees and penalties can affect an account’s _______.

Back

total earnings

6.

FLASHCARD QUESTION

Front

To earn top dollar on your savings, look for _________.

Back

All of the above

7.

FLASHCARD QUESTION

Front

The equation that estimates how long it will take to double an investment with a fixed interest rate is called the _______________.

Back

the rule of 72

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