Home Library Explore SAT

Home Library Explore SAT

Drake and Lawrence quiz Flashcards | StudBud

Explore/Drake and Lawrence quiz

Is this Roth IRA

Can I get a credit card on my own if I'm a teen ?

Drake and Lawrence quiz

10 terms·StudBud Administration·6 plays

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Can I get a credit card on my own if I'm a teen ?
True
False
2
Is this Roth IRA
True
False
3
what is diversification ?
having different savings accounts
investing in one asset
spreading stocks
avoiding risk entirely
4
whats the impact of inflation on savings
your savings will go down over time
your money will buy less in the future
your credit will go up
you wont be able to get a loan
5
who should you call for financial guidance ?
YMM member
Money making people
Someone who just learned financial literacy
doug
6
can I make a savings account for my dog?
True
False
7
what is the ideal emergency fund?
3-6 months
you don't need one fr
12 months expenses
1 months rent
8
whats a traditional IRA
Investing in a mutual fund that pays out well
Net worth expanding over time
a tax break using pre-tax to invest
Ownership in different houses that increase value
9
what does compound interest do?
increase savings
only applies to loans
decrease savings
neutral effect
10
how do you prioritize debt repayment?
budgeting
snowball method
avalanche method
search for good interest rates