Which of the following are reasons to use your emergency fund?
Check all that apply.
Emergency Fund
Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
Rebecca Bates
Used 3+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are reasons to use your emergency fund?
Check all that apply.
Car broke down
Girlfriend's birthday
Dog is sick
Great shoes on sale
Friends are going on a trip and invited you at last minute
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Karen has $3250 in necessary expenses each month. How much should she have in her emergency fund according to the rule discussed in class?
about $25,000
about $1000
$6500-$13,000
$9750-$19,500
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is an emergency fund?
A savings account set aside for unexpected situations.
A way to invest for retirement.
Something most people don't need, because emergencies are rare.
An investment account that can grow over time.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An adult should have around____________ in an emergency fund.
6 months of income
$500
6 months of expenses
$12,000
5.
REORDER QUESTION
1 min • 1 pt
Reorder the steps for how to build an emergency fund.
You can stop when you have enough.
Set a monthly savings goal.
Move money into your savings account automatically.
Calculate the total that you want to save.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Becca spends $800 per month on rent, $200 on utilities, $300 on food, $100 on gas and $200 on weekend entertainment, how much is her total for necessary expenses.
$1400
$1600
$1000
$1100
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