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Module 14 Test Questions Graded A+
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Module 14 Test Questions Graded A+ When interest is earned not only on principal but also earned on interest, it is referred to as compound interest Net worth is calculated by subtracting liabilities from assets Which of the following are strategies that help in saving for an emerg...

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  • September 11, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • module 14 test questions graded a
  • when interest is earned not only on principal but
  • which of the following are strategies that help in
  • are fixed costs considered to be anticipated or un

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Module 14 Test Questions Graded A+

When interest is earned not only on principal but also earned on interest, it is referred to
as - answer compound interest

Net worth is calculated by - answer subtracting liabilities from assets

Which of the following are strategies that help in saving for an emergency fund? -
answer Start small, focus on the benefits, and treat savings like a bill.

Are fixed costs considered to be anticipated or unanticipated costs? Are variable costs
considered to be anticipated or unanticipated costs? - answer a. Fixed costs are
anticipated costs and variable costs are unanticipated costs. *
b. Fixed costs are unanticipated costs and variable costs are anticipated costs.
c. Fixed costs are unanticipated costs and variable costs are unanticipated costs.
d. Fixed costs are anticipated costs and variable costs are anticipated costs.

Examples of unanticipated income include - answer gifts, bonuses, inheritances

A budget is a plan for spending money based on income, expenses and -
answerfinancial goals

Which of the following is not included in a net worth statement? - answer$50 per month
for a gym membership

Being aware of the Federal Reserve's monetary policy and how it can affect interest
rates can impact planning for major purchases. When interest rates rise the Federal
Reserve is combating _________ and makes it _______ expensive to finance a car or a
home loan. - answera. unemployment; more *
b. unemployment; less
c. inflation; less
d. inflation; more ((

At the end of the month Corrine's budget has money left over. She can either - answera.
Spend less or save less.
b. Spend less or save more.
c. Spend more or save more. *
d. Spend more or save less.

In making a decision about the costs of postsecondary education, these costs should be
compared to - answera. the length of time to pay off private loans.
b. future potential earnings. *

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