Search Header Logo

Unit 2 Test Review - Savings

Authored by Jennifer Hall

Other

12th Grade

Used 1+ times

Unit 2 Test Review - Savings
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Inflation can eat up the interest earned.

The emergency fund is not intended to grow wealth.

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is not a reason your emergency fund should be kept in a separate savings account away from your spending money?

So that your emergency fund savings can earn a lot of interest

So that you do not get your spending and saving money confused

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following steps is the First Foundation?

Get out of debt.

Save a $500 emergency fund.

Pay cash for your car.

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An interest-bearing account is an account that generates interest income on the available balance in the account.

True

False

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Money today has different buying power than the same amount of money in the future.

Compound interest

Time value of money

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Your income level greatly affects your saving habits.

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Emergency fund

Large purchases

Have money available to lend to friends

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?