Ch 1 Money in Review
Authored by shadow fire
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41 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the terminology
percentage paid to a lender for the use of borrowed money
sinking fund
interest paid on interest previously earned
interest rate
seeks to maintain a stable share price & to earn income by investing in orgs w short term maturities
compound interest
saving money for a specific purpose to allow interest to work for you rather than against you
money market mutual fund
3-6 months of expenses in readily available cash to be used in an emergency
emergency fund
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is baby step number one
save $1000 cash as a starter emergency fund
pay off all debt except the house utilizing the debt snowball
3-6 months of expenses in savings
invest 15% of your household income into Roth IRAs and pre-tax retirement plans
College funding for your kids
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is baby step number two
save $1000 cash as a starter emergency fund
pay off all debt except the house utilizing the debt snowball
3-6 months of expenses in savings
invest 15% of your household income into Roth IRAs and pre-tax retirement plans
College funding for your kids
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is baby step number three
save $1000 cash as a starter emergency fund
pay off all debt except the house utilizing the debt snowball
3-6 months of expenses in savings
invest 15% of your household income into Roth IRAs and pre-tax retirement plans
College funding for your kids
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is baby step number four
save $1000 cash as a starter emergency fund
pay off all debt except the house utilizing the debt snowball
3-6 months of expenses in savings
invest 15% of your household income into Roth IRAs and pre-tax retirement plans
College funding for your kids
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is baby step number five
pay off your home early
build wealth and give
3-6 months of expenses in savings
invest 15% of your household income into Roth IRAs and pre-tax retirement plans
College funding for your kids
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is baby step number six
pay off your home early
build wealth and give
3-6 months of expenses in savings
invest 15% of your household income into Roth IRAs and pre-tax retirement plans
College funding for your kids
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