Ries chapter 10-12 test

Ries chapter 10-12 test

34 Qs

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Ries chapter 10-12 test

Ries chapter 10-12 test

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Suzy Ries

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34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

How quickly your money can be converted into cash.

Illiquid
Liquidity
Equity
Collateral

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

_______________ is about planning for future wants and needs where __________________ is about building wealth.

investing/saving
emergency funds/contingencies
savings/investing
contingencies/emergency funds

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

What is the purpose of an emergency fund?

To spend on wants

To use for retirement at age 65
To pay for unexpected expenses or contingencies
To use for vacations or a second home

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

Ideally, an emergency fund should be ____________ months of expenses.

1-2
2-4
3-6
Any amount you can save is ideal

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

How do you know when you are building wealth?

You can take care of emergencies
You can reach your short term and intermediate goals
You own at least 100 shares of a corporation
Your assets are growing faster than the rate of inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following assets would be the least liquid?

cash

Home

a 1 year CD

Car

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The value of all of your acquired assets after long term investing.

real estate

estate

payola

living will

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