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Fin Mgmt U1 L1

Authored by Jill Robinson

11th Grade

Used 23+ times

Fin Mgmt U1 L1
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these would be an example of a short term financial goal?

saving for 5 months for a tv

saving for 2 years for a used car

saving for 5 year for a dream vacation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You want to make sure to pay your _________ first, then you can save for special items like short and long term goals.

wants

fun items

recreation

bills

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Leonard wants to save for a new motor for his dirt bike that is going to cost $2500. He is hoping to buy it within 8 months. How much should he save each month to reach his goal?

$500 a month

$40.00 a month

$312.50 a month

$31.50 a month

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When saving a monthly amount for a long term goal, you first need to convert years to months. To do this you:

multiply the number of years to save by 12

divide the total amount by the number of years to save

multiply the dollar amount by 12

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Skylar wants to buy a used Mustang in 6 years. How much will she need to save each month if the Mustang is going to cost around $8,000?

$100 a month

$111.11 a month

$10 a month

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short term goal means......

a goal that is reached within a year

a goal that takes more than a year to reach

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long term goal means...

a goal reached within a year

a goal that takes more than a year to reach

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