Chapter 3 Review

Chapter 3 Review

30 Qs

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Chapter 3 Review

Chapter 3 Review

Assessment

Quiz

others

Practice Problem

Hard

Created by

Saybra Foust

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

One of the main reasons we build wealth is so that we can…..

Give to those in need
Spend it all on oursleves
Impress the people around us
Prove that we are successful

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Which of these would count as a legitimate reason to use your emergency fund?

You forgot to budget for your mom's birthday gift
You have a fancy event coming p but you have already spend all of your clothing budget category
The smartphone you've wanted just went on sale
Your car battery died

3.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

While saving money isn’t easy at first, it will make your life a lot ______ in the future if you make it a habit now.

Easier
Harder
Poorer
Longer

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

The top three careers reported among millionaires were ________, _________, and ________.

Pro athletes; bankers; CEOs
Lawyers; surgeons; accountants
Celebrities; developers; writers
Accountants; engineers; teachers

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which principle says that a certain amount of money is worth more than the same amount in the future?

Inflation
Rate of return
The time value of money
Principal interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

The amount of interest charged on a debt but not yet collected is called…

Accrued interest
Interest rate
Same-as-cash
Growth rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

90% of millionaires make over $100,000 a year.

True
False

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