Ch 3 Vocab - Saving Money
Authored by Chris Moore
Financial Education
12th Grade
Used 21+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A savings account set up specifically to be used to cover financial emergencies.
Emergency Fund
Compound Interest
Interest Rate
Accrued Interest
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Interest paid on interest previously earned.
Inflation
Interest Rate
Compound Interest
Compound Growth
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The measure of an investment's profit or loss, usually expressed as a percentage of the initial investment.
Compound Interest
Rate of Return
Interest Rate
Time Value of Money
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The average rate of growth for an investment over time; often expressed as an annual figure
Inflation
Compound Growth
Interest Rate
Compound Interest
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A purchase that requires a significant amount of money
Time Value Of Money
Emergency Fund
Accrued Interest
Large Purchase
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The percentage of principal charged by the lender for use of its money
Interest Rate
Compound Interest
Time Value Of Money
Rate Of Return
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The initial amount of money invested or borrowed
Inflation
Principal
Compound Interest
Interest Rate
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