
Personal Finance, Chapter 2, Section 2
Authored by Teacher Tomko
Other
12th Grade
Used 3+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A way to save for large purchases over time and pay with cash is to set money aside in a...
Sink hole
Kitchen sink
Emergency fund
Sinking fund
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Using the sinking fund approach, how much do you need to save each month to buy a $4,800 car one year from now?
$200
$400
$600
$800
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the key ingredient when it comes to wealth building?
Income
Emergency fund
Investing
Discipline
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which is not a reason your emergency fund should be kept in a separate savings account away from your spending money?
So that your emergency fund savings can earn a lot of interest.
So that it is clear what money is only for emergencies.
So it is not too easy to access.
So you don't get your spending and savings confused.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An account that generates interest income on the available balance in the account.
An interst-ing account
An awesome account
An interest-bearing account
A sinking account
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You should hold off investing for retirement until you have college or other post-secondary education paid for.
True
False
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
For which of the following should you save (choose all correct answers)?
Wealth building
Lending to friends
Emergencies
Purchases
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