CFL Unit 3 Study Guide

CFL Unit 3 Study Guide

11th Grade

31 Qs

quiz-placeholder

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CFL Unit 3 Study Guide

CFL Unit 3 Study Guide

Assessment

Quiz

Other

11th Grade

Easy

Created by

Kameryn Dengler

Used 5+ times

FREE Resource

31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are savings?

The extra money you have laying around

Portion of income not spent on consumption

A type of stock account

Money you can't be taxed on

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Saving results in savings.

False

True

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the phrase that describes cash set aside in case of unexpected events? (Type in all lowercase)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a short term goal?

Making a monthly budget

Starting a personal balance sheet

Saving for a house

Building emergency fund

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

About how many months of expenses should be in your emergency fund?

12 months

1-2 months

5-8 months

3-6 months

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much money that should be put in an emergency fund depends on your income, dependents, job security, and insurance coverage.

True

False

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

To increase income, decrease _________? (Type in all lowercase)

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