Question: 1. When creating a budget important things to consider is/are: How often you get paid How much you spend on the little things cost of
1. When creating a budget important things to consider is/are:
| How often you get paid | ||
| How much you spend on the "little things" | ||
| cost of car and or home insurance | ||
| All of the above |
2.If you just won $1,000,000 in the lottery one of the first things you should do is:
| Quit your job | ||
| Hire a professional | ||
| Purchase a new home | ||
| Buy life insurance |
3.When paying off debt you should pay the following first:
| Student loan with a rate of 6% | ||
| Credit card with a rate of 21% | ||
| Mortgage with a rate of 3.25% | ||
| None of these |
4.If you're having trouble paying off debt one of the first things you should do is:
| Borrow money from your friends or family | ||
| Contact the creditor | ||
| Apply for a credit card | ||
| Update your budget |
5.Suppose you had $100 in a savings account and the interest rate was
2% per year. After five years, how much do you think you would have in the account if you left the money to grow?
| More than $102 | ||
| Exactly $102 | ||
| More than $120 | ||
| None of the above |
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