Finance: Question Preview (ID: 31896)


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How much should you have in an emergency fund as an adult?
a) 3-6 months of expenses b) $3,000-6,000 c) $500 d)
Oil change is a(n)
a) Variable expense b) Intermittent expense c) Discretionary expense d) Impulse expense
Groceries are a(n)
a) fixed expense b) impulse expense c) variable expense d) discretionary expense
rent is a(n)
a) variable expense b) fixed expense c) intermittent expense d) Impulse expense
Candy at the checkout is a(n)
a) impulse expense b) discretionary expense c) fixed expense d) variable expense
Eating out is a(n)
a) variable expense b) fixed expense c) discretionary expense d) fixed expense
a high school emergency fund should be
a) $3,000-$6,000 b) 3-6 months of expenses c) $500 d)
debt is
a) anything you owe b) a note detailing an expense c) a loan d)
recession is
a) an economic downturn b) c) d)
What’s another word for ledger?
a) a cliff b) a checkbook c) a bank account d)
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