Free Exam: Pers. Finance - Ch. 2 - Savings
Number of Questions in Test: 19
Number of Questions in Preview: 5
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Which of the following steps is the [b]First[/b] Foundation?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 2
Instead of borrowing money for large purchases, you should set money aside in a ________over time and pay with cash.
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 3
The saving habits of Ben and Arthur best illustrate which principle of saving?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 4
This principle suggests that a certain amount of money today has different buying power than the same amount of money in the future. This is due to both the opportunity to earn interest on the money and because inflation will drive prices up, thereby changing the "value" of the money.
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
For which of the following should you save?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |