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SAVINGS AND INVESTING

Authored by Dean Kuckelman

Other

12th Grade

Used 13+ times

SAVINGS AND INVESTING
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. To save money, you need to earn less than you spend.

True

False

Answer explanation

That's backwards!

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most important reason to have savings is for emergency expenses.

True

False

Answer explanation

That's backwards!

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. The most important reason to have savings is to earn a return on your investment.

True

False

Answer explanation

Savings accounts pay very low interest rates.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. For people that can’t borrow money, the lack of an evergency fund can drive them into homelessness.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. How quickly and easily you can convert your assets into cash is called return on investment.

True

False

Answer explanation

It is called liquidity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. "Pay yourself first" means to spend money on your wants, before you start saving money.

True

False

Answer explanation

It means save first, before paying other people.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. Automatic transfers can help you save because once you set them up you don’t need to remember to move money into your savings account.

True

False

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