Search Header Logo

Personal Finance Chapter 2

Authored by Amy Axtell

Business

9th - 12th Grade

Used 2+ times

Personal Finance Chapter 2
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following steps is the First Foundation?

Get out of debt

Build wealth and give

Save $500 emergency fund

Pay cash for your car

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The saving habits of Ben and Arthur best illustrate which principle of saving?

The length of time money is invested matters

The amount of the initial investment is the key

Rate of return matters

Both A & C

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As a young adult, a fully funded emergency fund should be:

$500

$5000

$100

$1000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why should interest earned not be a factor with your emergency fund?

Inflation can eat up the interest earned

Interest-bearing accounts at banks earn a high rate of interest, therefore, interest is not a concern

The emergency fund is not intended to grow wealth

None of the above.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Savings is about:

Contentment and emotion

Making more money and discipline

Contentment and earning more money

Pride and greed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Instead of borrowing money for large purchases, you should set money aside in ________ over time and pay with cash.

Emergency fund

Sinking fund

Credit card fund

Mortgage fund

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to have a negative savings rate?

Saving for something that is want instead of a need

Having a fully funded emergency fund

Having no savings at all

Spending more money than you make and acquiring debt.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?