Budgeting Quiz

The amount you earn as profit based on your deposited amount.

• Interest Rate

• Emergency Fund

• Share

Certificates of Deposit typically have a lower interest rate than a savings account.

• True

• False

Select the option(s) that are not connected to the stock market.

• Index Funds

• Government Bonds

• Mutual Funds

Which is an advantage of renting a house over buying, based on our 'Game of Life'?

• Renters had to pay for less unexpected costs than homeowners

• Renters may have to pay an activity or parking fee

• Renters have less input on what they can or cannot do with the property

Which was an optional cost for the 'Game of Life'?

• a Netflix subscription

• Electricity

• Water/Sewage

Money set aside for unexpected expenses or loss of income

• Mutual Fund

• Share

• Emergency Fund

Which of the following was not one of the seven ways you could invest in "Build Your Stax"?

• Savings Account

• Individual Stocks

• Social Security

What was something our "Game of Life" did not include?

• Taxes

• Rent

• Savings

Taxes are charged by

• state government

• federal government

• both state and federal

Saving money is important in which case?

• you lose your income

• you encounter unexpected costs

• both options are correct