Don't Get Haunted By Debt Trivia
Flashcard
•
Other
•
Professional Development
•
Practice Problem
•
Hard
Wayground Content
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8 questions
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1.
FLASHCARD QUESTION
Front
True or False? Carrying a small balance on your credit card helps your credit score more than paying it off completely.
Back
False
2.
FLASHCARD QUESTION
Front
What does APR stand for?
Back
Annual Percentage Rate
3.
FLASHCARD QUESTION
Front
Which retirement account uses after-tax money and offers tax-free growth?
Back
Roth IRA
4.
FLASHCARD QUESTION
Front
Using the Rule of 72, how long would it take to double your money at an 8% return?
Back
9 years
5.
FLASHCARD QUESTION
Front
What is the BEST way to avoid credit card debt and interest fees?
Back
Pay the full statement balance every month
6.
FLASHCARD QUESTION
Front
Why is an employer 401(k) match considered "free money"?
Back
It's extra money from your employer you get for saving
7.
FLASHCARD QUESTION
Front
Where is the BEST place to keep your emergency fund? Options: In a checking account, In the stock market, In a High-Yield Savings Account (HYSA), In a safe at home
Back
In a High-Yield Savings Account (HYSA)
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