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Instead of borrowing money for large purchases, you should set money aside in a __________ over time and pay with cash.
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
Why is having funded emergency fund so important when it comes to your financial well-being?
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
Which of the these is not a key to saving money?
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
Your income level greatly affects your saving habits.
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
Americans typically maintain a very high savings rate.
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
When it comes to saving money, the amount you save is determined by how much you have left at the end of the month once all of your spending is done.
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
What does it mean to have a negative savings rate?
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
This principle suggest that a certain amount of money today as different buying power than the same amount of money in the future.
Sinking fund
False
Emergency funds are to are to set money aside for unexpected financial emergencies.
Spending more money than you make and acquiring debt
False
False
Your income
Time value of money
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