
Chapter 1&2 Money In Review
Authored by Nicole Smith
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Saving money for a purchase and letting the interest work for you rather than against you.
sinking fund
Money Market
$500 or $1000 in emergency fund
3-6 months of expenses
pay off debt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money is neither good nor bad. It is...
amoral
Money Market
$500 or $1000 in emergency fund
3-6 months of expenses
pay off debt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emergency fund goes here
Money Market
$500 or $1000 in emergency fund
3-6 months of expenses
pay off debt
amoral
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest on interest
compound interest
Money Market
$500 or $1000 in emergency fund
3-6 months of expenses
pay off debt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Key to wealth building.
discipline
Money Market
$500 or $1000 in emergency fund
3-6 months of expenses
pay off debt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ben and Arthur illustrate which principal of saving?
The rule of 72
Compound interest
Simple interest
None of the above
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The 3 reasons to save are:
Emergency fund
Purchases
Wealth building
Pay off debt
Donations
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