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If you write a zero-based budget every month, it is not necessary to reconcile your account.
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
Americans typically maintain a very high savings rate.
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
Which of the following account records would have the most current balance?
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
The number-one cause of divorce in North America today is stress and disagreements over money.
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
When youʹre older and out of school, youʹll need to grow your emergency fund into a full three to six monthsʹ worth of expenses.
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
A debit card cannot be used for online purchases.
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
Why is having a fully funded emergency fund so important when it comes to your financial well-being?
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
Which of the following is a consequence of overdrawing your checking account?
Your own account register
True
False
The purpose of an emergency fund is to set money aside for financial emergencies and to provide a sense of financial security
False
False
True
All of these
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