Money Management Test Review

Term that means easily converted to cash

To calculate net worth you should use the following formula:

The saving habits of Ben and Arthur help to illustrate the principal of compound interest.

Emergency fund goes here

The FDIC insures depositors against losing their money in the case of a ____________.

Earning interest on interest

For most people, a fully-funded emergency fund will be about:

Dave's 80/20 rule says when it comes to money:

Your business automatically transferring your paycheck into your account.

The following is true about PACs:

According to Dave, the correct order for using your money is:

Saving is about contentment and:

Examples of savings vehicles include:

A bank is ___, and has ____.

Saving money for a purchase and letting the interest work for you rather than against you

Regulates the banking system and guides monetary policy with regard to interest rates

Ben and Arthur illustrate which principle of saving?

Your housing expense should take up no more than ____ of your budget.

Which of the following is a depository institution?

Key to building wealth

Tiered interest rates mean:

Your personal documentation of what is going on in your checkbook.

Your income level greatly affects your savings habits.

Interest is money paid to a saver by a financial institution.

You should save for the following: