BASIC FINANCE

Which of these statements about saving is true?

• You only need to save for your long-term goals.

• Saving money consistently each month can help you prepare for the future.

• Making saving into a habit and being consistent is the best way to build an emergency fund or save toward a goal.

• You can categorize expenses under saving if you got a discount on them.

What is a bear market?

• A time when investors are acting aggressively.

• When stock prices fall and stay low

• A time when stock prices are rising.

What is interest?

• The amount you pay for borrowing money, expressed as a percentage

• The amount you earn for keeping money in a savings account, expressed as a percentage

• Both of the above

Which of these is NOT a fee that might be charged on a checking account?

• Minimum balance fee

• overdraft fee

• ATM

The amount you have to pay out of pocket before insurance kicks in.

• The amount you have to pay out of pocket before insurance kicks in.

• The amount you pay each year or month to keep your policy active.

• An insurance premium is the monthly bill you pay to keep your policy in place