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Money Matters: Ch. 2 (Saving)

Authored by Dustin Buentello

9th - 12th Grade

Used 22+ times

Money Matters: Ch. 2 (Saving)
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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

inflation

interest bearing account

interest rate

sinking fund

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The five steps to financial success.

discipline

inflation

Emergency Fund

The Five Foundations

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

Savings Account

Checking Account

Emergency Fund

Sinking Fund

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Interest paid on interest previously earned.

Simple Interest

Compound Interest

Inflation

Interest Rate

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Saving money over time for a large purchase.

Sinking Fund

Mutual Fund

Emergency Fund

Savings Account

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A rate is either charged (on debt) or paid (on investment accounts) for the use of money.

Compound Interest

Simple Interest

Interest Rate

Inflation

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What percentage of America's millionaires are first generation rich?

80%

50%

10%

None of the above

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