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module 18 foolproof questions and answers
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module 18 foolproof questions and answers i forgot number 1 i put 35% if the rate of inflation is higher than your interest rate on your savings account you are losing buying power false a recession is negative GDP for two consecutive quarters you have a credit card and th...

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  • September 11, 2024
  • 1
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • module 18 foolproof questions and answers
  • if the rate of inflation is higher than your inter
  • whats your real rate of return if your savings ac
  • if you start investing for retirement when you are

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module 18 foolproof questions and
answers

i forgot number 1 - answer put 35%

if the rate of inflation is higher than your interest rate on your savings account you are
losing buying power - answer false

a recession is - answer negative GDP for two consecutive quarters

you have a credit card and the average balance on that card, year after year, is $4000.
the credit card company charges 21% annual interest on your average balance -
answer$840

what's your real rate of return if your savings account pays 2.5% interest and inflation is
1% - answer1.5%

if a dozen eggs costs $3.50 now, they'll cost how much in 25 years based on inflation -
answer cant figure

which choice is the best reason savings accounts are usually not the best option when it
comes to saving for retirement - answer accounts don't pay enough interest to keep up
with inflation

if you start investing for retirement when you are 20, investing 10% of your income
normally makes sense if you want to build a satisfactory retirement plan - answer true

what is the easiest way to increase the money you have available for savings and
investments - answer pay off all your high-interest debt such as credit cards and store
cards

which of the following is a good example of inflation - answer4 to 4.25

the most likely way to retire early with enough money to keep your standard of living is
to - answer invest your money early and often when you are young

how much money will you need for retirement? which answer is the most correct
answer? - answer a good guideline is 80% of your working income

you have 44,000 in a savings account that pays 2% annual interest and the inflation rate
is 3.24% - answer$545.60

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