Search Header Logo

Dollars & Sense Ch. 2

Authored by Paula Hass

Other

12th Grade

Used 23+ times

Dollars & Sense Ch. 2
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following steps is the first foundation?

Get out of debt
save a $500 emergency fund
build wealth and give
pay cash for your car

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Instead of borrowing money for large purchases, you should set money aside in a _______over time and pay with cash.

emergency fund
credit card fund
sinking fund
mortgage fund

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to have a negative savings rate?

saving for things you want instead of need
having a fully funded emergency fund
having no savings at all
spending more money than you make and acquiring debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The saving habits of Ben and Arthur best illustrate which principle of saving?

the length of time money is invested matters
the amount of the initial investment is the key
rate of return matters
both a & c

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The principle suggests that a certain amount of money today has a different buying power than the same amount of money in the future.  This is due to both the opportunity to earn interest on the money and because inflation will drive prices up, thereby changing the value of money.

opportunity cost
time value of money
interest rate
inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For which of the following should you save?

purchases
emergency fund
wealth building
all the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using the sinking fund approach, how much do you have to save each month to buy a $4,800 car a year from now?

400
300
275
500

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?