
Chapter 3 Review (Saving Money)
Authored by Jackie Ramsey
Financial Education
8th Grade
Used 1+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following would be considered an emergency fund expense?
Lost cell phone.
Video game sale
Blown car tire
Shoe sale
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
"Rate of return" is a phrase used to describe what aspect of investing?
Compound growth
Risk and return ration
Accrued interest
Inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
In The Five Foundation, what is The Third Foundation?
Pay cash for college.
Pay cash for your car.
Save a $500 emergency fund.
Get out and stay out of the debt.
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
When you make a purchase but later wish you hadn't done so, you experience:
selfishness
buyer's remorse
impulsiveness
time value
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following questions helps you determine if something is actually an emergency expense?
Is it urgent?
Is it necessary?
Is it unexpected?
All of the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What two elements do you need to build wealth through compound growth?
An inheritance and a lawyer
Money invested and time
Money invested and good stocks
Time and a wealthy relative
7.
MATCH QUESTION
1 min • 10 pts
Match the following
Compound growth
The initial amount of money you deposit or invest is called the
emergency fund
The ________ refers to the earning potential of money.
interest rate
______ ______ is the average rate of growth for an investment over a period of time.
time value of money
45% of Americans have less than $1000 saved for a(n)
principal
_________ deals--such as 90 days-same-as-cash--are often used to get you to buy higher-priced items.
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