Ch3 Money Matters Review

45% of Americans have less than $1000 saved for a(n) __________

• Emergency Fund

• Compound Growth

• Large Purchase

• Inflation

The price of good and services increases over time due to __________

• Rate of Return

• Accrued Interest

• Large Purchase

• Inflation

__________ is the average rate of growth for an investment over a period of time.

• Emergency Fund

• Compound Growth

• Large Purchase

• Inflation

The initial amount of money you deposit or invest is called the ________________

• Principal

• Interest Rate

• Inflation

• Accrued Interest

An investment's ________________ is its percentage of gain or loss over time.

• Rate of Return

• Interest

• Compound Growth

• Inflation

You save for a(n) __________________ when you don't have the cash to buy it now.

• Large Purchase

• Accrued Interest

• Emergency Fund

• Principal

A great principle for saving money is, "Start paying yourself and _______________________."

• Invest in your future

• get a good job

• borrow money

• get credit cards

The First Foundation is: Save ___________ for emergency fund.

• $500

• $1500

• $100

• $900

Besides an emergency fund and for large purchases, what is another reason to save money?

(a)  

Which of the following would be considered an emergency fund expense?

• Lost cell phone

• Blown tire on car

• Shoe sale

• Video game sale