What are savings?
CFL Unit 3 Study Guide

Quiz
•
Other
•
11th Grade
•
Easy
Kameryn Dengler
Used 5+ times
FREE Resource
31 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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