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CFL Unit 3 Review Game

Authored by Bailey Andrews

Education

11th Grade

Used 1+ times

CFL Unit 3 Review Game
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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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