CH. 2 Test Review

Match it! Select the correct answer from the pull down...Good luck!

Using the sinking fund approach, how much do you save each month to buy a $4,800 car one year from now?

At your age, a fully funded emergency fund should be:

Americans typically maintain a very high savings rate.

Which of the following is not a reason your emergency fund should be kept in a separate savings account away from your spending money?

Which of the these is not a key to saving money?

What does it mean to have a negative savings rate?

Which of the following is not one of the three basic reasons for saving money?

The first thing you should save for is your retirement fund.