Money Management Review

Question 1

The money paid by the bank to you for the use of your money is called _____.

Accepted Answer

interest

Question 2

_____ refers to how easy it is to get your money out of an investment.

Accepted Answer

Liquidity

Question 3

Interest that grows on itself is called ____.

Accepted Answer

compound interest

Question 4

What does the Rule of 72 help us figure out?

Accepted Answer

how long it takes to double our money

Question 5

_____ is money going out.

Accepted Answer

Expenses

Question 6

What's the last step in the Decision-Making Process?

Accepted Answer

Think back and evaluate your results.

Question 7

Rob is spending more than he makes. What should he do?

Accepted Answer

Find a way to make more money., Decrease spending and increase income., Stop spending on wants.

Question 8

If there is a chance you could lose money on your investment, it is considered _____.

Accepted Answer

risky

Question 9

What is the #1 reason to keep a budget?

Accepted Answer

Less stress

Question 10

Which of the following is an expense?

Accepted Answer

rent

Question 11

What can you do to help yourself stick to your goals?

Accepted Answer

All answers are helpful.

Question 12

Would you rather your interest be compounded annually or quarterly?

Accepted Answer

quarterly

Question 13

_____ is money coming in.

Accepted Answer

Income

Question 14

The amount of money deposited by a saver is called _____.

Accepted Answer

principal

Question 15

Do you know more about managing money now than you did 9 weeks ago!?

Accepted Answer

Yes!!! :)

Question 16

Which of the following is income?

Accepted Answer

interest

Question 17

Why is PYF important?

Accepted Answer

Both other answers are correct.

Question 18

If someone works 10 hours and gets paid $10 an hour. How much is their paycheck?

Accepted Answer

It depends on the tax rate.

Question 19

S.M.A.R.T. Goals are Specific, Measurable, Attainable, Realistic, and ______.

Accepted Answer

Time-bound

Question 20

What does P.Y.F. stand for?

Accepted Answer

Pay Yourself First

Question 21

For what length of time is the most common personal budget?

Accepted Answer

Monthly

Question 22

An emergency fund is _____.

Accepted Answer

Money you have saved up in case you need it.

Question 23

For what kind of expense would you dip into your emergency fund?

Accepted Answer

medical bills

Question 24

What's missing from this SMART Goal? "Save money each month to buy a video game by June 1st.

Accepted Answer

Measurable - an actual dollar amount.

Question 25

Investors hope for a high _____, which is also known as yield.

Accepted Answer

return

Money Management Review

Questions 25

Money Management Review

Questions 25