
Unit 2 Savings
Authored by Matthew Shane Fitts
Social Studies
12th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the amount earned from depositing money in an interest-bearing account?
Principal
Interest
Maintenance Fee
Minimum Balance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a government agency that insures customer deposits up to $250,000?
Health Savings Account (HSA)
Federal Deposit Insurance Corporation (FDIC)
Money Market Savings Account
Emergency Fund
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the original amount of money saved or invested called?
Interest
Principal
Inflation
Cost-Push Inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of account allows for pre-tax savings for out-of-pocket health care expenses?
Money Market Savings Account
Health Savings Account (HSA)
Emergency Fund
Minimum Balance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for buying goods without planning due to a sudden whim or urge?
Impulse Buying
Cost-Push Inflation
Rule Of 72
50-20-30 Rule
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 50-20-30 Rule in personal finance?
50% savings, 20% debt, 30% necessities
50% necessities, 20% saving/debt, 30% flexible spending
50% flexible spending, 20% necessities, 30% saving/debt
50% debt, 20% savings, 30% necessities
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for inflation caused by increased production costs?
Inflation
Cost-Push Inflation
Rule Of 72
Emergency Fund
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