BM 2B Unit 8 Quiz

BM 2B Unit 8 Quiz

11th Grade

16 Qs

quiz-placeholder

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BM 2B Unit 8 Quiz

BM 2B Unit 8 Quiz

Assessment

Quiz

Other

11th Grade

Hard

Created by

NCA CTE Teachers

Used 3+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which situation BEST describes saving for a long-term goal?

Saving to start a business at retirement

Saving to pay for household expenses

Saving to go on vacation

Saving to make a student loan payment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which situation BEST describes saving for a short-term goal?

Saving to buy a new car

Saving to pay next month's mortgage payment

Saving for a family member's college tuition

Saving for retirement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which situation BEST describes saving for a mid-term goal?

Saving for health insurance premium payments

Saving to permanently eliminate all debt

Saving for a down payment on a first house

Saving to buy groceries on the weekend

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which description forms the basis for determining one's financial goals?

Your personal budget

Your priorities

Your cash projections

Your career

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes the fee that banks pay to customers with savings accounts?

Debit

Cash Flow

Interest

Bond

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Garrison dreamed of buying a large mansion by the ocean, where he could take long walks on the beach. He set a personal savings goal of $12M, but based on his income and current savings, he realized it would take several hundred years to earn enough to buy the mansion. Which aspect of the SMART goal framework caused Garrison to reconsider his goal?

Specific

Measurable

Achievable

Timely

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For the past 10 years, Janis has wanted to own a second house near her family. To meet this goal, she determined that she'd need $250,000, but she's unsure how to break the goal down any further, and every year that goes by, she's nowhere closer to meeting her goal. Which question from the SMART goal framework should Janis MOST likely focus on?

Is it specific?

Is it measurable?

Is it achievable?

Is it timely?

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