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Personal Finance Final Exam Review

Authored by Heidi Lenon

Business

9th - 12th Grade

Used 13+ times

Personal Finance Final Exam Review
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first three baby steps are

Emergency Fund, Debt Snowball, Invest 15%

$1,000 in Emergency Fund, Debt Snowball, 3-6 months of expenses in Emergency Fund

$1,000 in Emergency Fund, Debt Snowball, $3,000-6,000 in Emergency Fund

Debt Snowball, 3-6 Months in Expenses in Emergency Fund, 15% in Retirement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much should you invest for retirement?

10%

15%

20%

25%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 5th Baby Step is

College Fund

Retirement

Emergency Fund

Pay off house

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of interest is calculated off of both the money you have invested and also the money you have earned in interest?

Simple

Compound

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where should you keep your emergency fund?

Mutual Fund

Single Stock

Savings Account

Money Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 7th Baby Step is

Pay off your house

Retirement

Build wealth and give

College fund

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Diversification increases risk when investing.

True

False

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