
CFL Unit 3 Review Game
Quiz
•
Education
•
11th Grade
•
Practice Problem
•
Medium
Bailey Andrews
Used 1+ times
FREE Resource
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of saving?
Accumulation of excess funds by intentionally spending less than you earn
Spending all your income on consumption
Borrowing money for future expenses
Investing in stocks and bonds
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of savings?
Portion of income not spent on consumption
Money borrowed from a bank
Funds used for daily expenses
Investments in real estate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to have emergency savings?
To cover the cost of unexpected events
To invest in the stock market
To pay for luxury vacations
To buy a new car
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a reason to save for short-term goals and expenses?
To pay for items that aren’t part of a typical spending plan
To invest in long-term assets
To pay off a mortgage
To buy groceries
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does saving contribute to financial security?
By lowering stress and negative emotions
By increasing debt
By reducing income
By eliminating all expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does saving reduce financial risk and uncertainty?
By contributing to net worth
By increasing liabilities
By spending more on consumption
By avoiding all investments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factors determine how much money should be saved?
Income, dependents, job security, insurance coverage
Age, gender, location, education
Hobbies, interests, lifestyle, travel plans
Friends, family, social status, popularity
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