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WorksheetsWednesday 11.10 W!se Review
Total questions: 16
Worksheet time: 12mins
Which of these IS a variable expense?
mortgage payment
car loan payment
water/utility payment
Click on all the possible NEEDS
shelter
fancy mansion
food/calories
Chick Fila Fries + sauce
What is the money called that you have after taxes?
discretionary
disposable
What is the money called that you have left after you pay your bills + needs?
discretionay
disposable
Your emergency fund should have (a) months of income ready !
What should you do if you realize your budget is off, and you don't have enough money ?
figure out how to make more money
find ways to cut costs
Which of these has to do with the Federal Reserve and interest rates?
Fiscal Policy
Monetary Policy
What kind of taxes exist in America?
income
FICA
excise
sales
What is the Federal Reserve trying to accomplish when they change interest rates?
they're trying to control inflation
they're trying to set up an environment for lending
they're trying to monitor growth so it's slow + steady
they're trying to do ALLLL these things!
Who hurts the most from inflation?
young people with jobs
older people on fixed incomes
A bank is typically better for what?
interest rates
locations
Which of these is going to give you the BEST interest rate and help you earn the most moneys?
checking account
savings account
money market account
Which of these is the MOST liquid?
cash
savings account
certificate of deposit
real estate
A credit union is insured by who?
Federal Deposit Insurance Corporation
National Credit Union Association
The Internal Revenue Service
Have you changed any of your habits/routines to do with money since we started learning about finances this year?
Yes !
No Not yet !
What's your first + last name ?
(Need it to give you credit!)
