Savings

An account that generates interest income on the available balance in the account

• Interest Bearing Account
• Compound Interest
• Simple Interest
• Inflation

Tags

CCSS.7.RP.A.3

A savings account that is set aside to be used only for emergency expenses

• Safety Fund
• Emergency Fund
• Savings Fund
• Expense Fund

Interest paid on interest previously earned

• Simple Interest
• Frequent Interest
• Interest Account
• Compound Interest

Saving money over time for a large purchase

• Savings Account

• Sinking Fund

• Checking Account

• Interest Bearing Account

The persistent increase in the cost of goods and services or the persistent decline in the purchasing power of money

• Deflation
• Interest
• Inflation
• Recession

When it comes to saving money, the amount you save is determined by how much you have left at the end of the month once all of your spending is done.

• True
• False

Your income level greatly affects you saving habits

• False
• True

At your age, a fully funded emergency fund should be...

• $1000
• $5000
• $500
• $100

Which of the following is not one of the three basic reasons for saving money

• Large Purchases
• Have money available to lend to friends
• Emergency Fund
• Build Wealth

Which of the following is a reason that people donʹt save money?

• they lack discipline

• they do not live on a budget

• they lack focus

• all of the above

Tags

CCSS.RL.8.1

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.9-10.1