Personal Finance Chapter 3 Lesson 2

Personal Finance Chapter 3 Lesson 2

9th Grade

7 Qs

quiz-placeholder

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Personal Finance Chapter 3 Lesson 2

Personal Finance Chapter 3 Lesson 2

Assessment

Quiz

Other

9th Grade

Practice Problem

Hard

Created by

Steve Wills

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an emergency fund?

Money saved for vacations

Money saved for retirement

Money saved to cover unexpected expenses

Money saved for buying a car

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to have cash on hand for emergencies?

To avoid using credit cards or getting loans

To buy unnecessary items

To invest in stocks and bonds

To pay off existing debts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key to building wealth?

Instant gratification

Patience and long-term financial goals

Taking on debt

Living paycheck to paycheck

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of millionaires live on less than they make?

50%

75%

94%

100%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of saving money early?

Being able to buy luxury items

Being able to retire early

Being able to live and give generously

Being able to travel the world

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of millionaires plan and save in advance for big expenses?

10%

33%

67%

95%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step to start saving money?

Include saving in your budget

Set a realistic savings goal

Put spare change in a jar

Set up an automatic transfer to savings account

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