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
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
