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Finance
Test Description: Finance
Instructions: Answer all questions to get your test result.
1) How much should you have in an emergency fund as an adult?
A
$500
B
3-6 months of expenses
C
$3,000-6,000
2) Oil change is a(n)
A
Impulse expense
B
Variable expense
C
Discretionary expense
D
Intermittent expense
3) Groceries are a(n)
A
variable expense
B
impulse expense
C
fixed expense
D
discretionary expense
4) rent is a(n)
A
variable expense
B
fixed expense
C
intermittent expense
D
Impulse expense
5) Candy at the checkout is a(n)
A
fixed expense
B
discretionary expense
C
impulse expense
D
variable expense
6) Eating out is a(n)
A
variable expense
B
fixed expense
C
fixed expense
D
discretionary expense
7) a high school emergency fund should be
A
$500
B
3-6 months of expenses
C
$3,000-$6,000
8) debt is
A
a note detailing an expense
B
a loan
C
anything you owe
9) recession is
A
an economic downturn
10) What’s another word for ledger?
A
a cliff
B
a checkbook
C
a bank account
*select an answer for all questions
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