H&R Block Budget Challenge and
Chapter 2 Test Questions with
Accurate Answers
3-6 months of expenses correct answer How much money should be saved in
your emergency fund once you have a full-time job.
401k correct answer A retirement account offered through an employer, where
an employee can contribute money from his or her
paycheck before or after taxes.
500 Dollars correct answer How much money should you have in an emergency
fund during High School?
Bounced Check correct answer a check that is not honored by a bank and is
returned to the payee's bank due to nonsufficient funds
Character correct answer Saving is an exercise in __________
Compound Interest correct answer interest earned on both the principal amount
and any interest already earned
Deductible correct answer Amount you must pay before you begin receiving any
benefits from your insurance company
Discipline correct answer What is the key ingredient to building wealth?
Chapter 2 Test Questions with
Accurate Answers
3-6 months of expenses correct answer How much money should be saved in
your emergency fund once you have a full-time job.
401k correct answer A retirement account offered through an employer, where
an employee can contribute money from his or her
paycheck before or after taxes.
500 Dollars correct answer How much money should you have in an emergency
fund during High School?
Bounced Check correct answer a check that is not honored by a bank and is
returned to the payee's bank due to nonsufficient funds
Character correct answer Saving is an exercise in __________
Compound Interest correct answer interest earned on both the principal amount
and any interest already earned
Deductible correct answer Amount you must pay before you begin receiving any
benefits from your insurance company
Discipline correct answer What is the key ingredient to building wealth?
