
Three Basic Reasons to Save
Authored by Frank Balestriere
Other, Business
9th Grade - University
Used 14+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account that is set aside to be used only for emergency expenses.
Saving for large purchases
A wealth building fund
An emergency fund
A "for anything" fund
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Savings is a person's __________________ not spent on current expenditures.
income
money
expenses
things
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At your age (a teen), a fully funded emergency fund should be ___________.
$100
$200
$500
$600
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ms. Brown earns $2000 a month in net income. Her monthly living expenses are $1,400. How much should Ms. Brown have in an emergency fund?
At least $12,000
At least $8,400
At least $3,600
It is not necessary to have an emergency fund.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is important to save for large purchases to avoid _______________.
borrowing money or a large amount of debt
additional income
saving
building wealth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ms. Brown earns $2000 a month in net income. Her monthly living expenses are $1,400. What dollar amount should Ms. Brown save on a monthly basis?
$20-$40
$200-$400
$14-$28
$140-$280
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pet frogs are an example of a(n) _____________________.
need
want
form of income
expense
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