Emergency Fund

Emergency Fund

9th - 12th Grade

16 Qs

quiz-placeholder

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Emergency Fund

Emergency Fund

Assessment

Quiz

Mathematics

9th - 12th Grade

Medium

Created by

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

Media Image

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

Media Image

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

Media Image

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

A speeding ticket is an item that you would use money from an emergency fund for
True
False

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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