1
ATLS POST TEST 3 LATEST VERSION REAL EXAM
DETAILED QUESTIONS AND CORRECT ANSWERS
GRADED A+ 2025-2026.
While saving money isn't easy at first, it will make your life a lot _______ in the
future if you make it a habit now. - ANSWER-Easier
Most millionaires make over $100,000 a year. - ANSWER-False
Which of these would count as a legitimate reason to use your emergency
fund? - ANSWER-Your car battery died
The amount of interest charged on a debt but not yet collected is called... -
ANSWER-Accrued interest
,2
One of the main reasons we build wealth is so that we can . . . - ANSWER-Give
to those in need
Which principle says that a certain amount of money today is worth more
than the same amount in the future? - ANSWER-time value of money
How does Murphy's Law ("anything that can go wrong will go wrong") apply
to saving money? - ANSWER-expect something to go wrong, plan for it and
save
How does planning and saving for your future help you build wealth? -
ANSWER-takes patience, and the key is to start saving asap, takes discipline
What are 3 questions to ask yourself before spending your emergency fund? -
ANSWER-is it unexpected, urgent, necessary
,3
Explain why making payments on a car is such a poor financial decision. -
ANSWER-pay more because of interest and don't have that money to save
Think back to the story of Jack and Blake. Explain how Jack ended up with
more money in his investment account by the time he retired, when Blake
invested more money. - ANSWER-it's because jack didn't invest as much but
he invested sooner and compound growth over time pulled through
47% of Americans have less than $1000 saved for an - ANSWER-Emergency
You'll have less freedom with your money if you - ANSWER-Are paying for
things in your past
, 4
Once you have a $500 emergency fund, you should . . - ANSWER-Save it until
emergency
The first step you should take when you want to make a large purchase is . . . -
ANSWER-decide how much you'll need to save and the time frame you want
to save it in
The best way to build wealth is to start investing early. You should start
investing money . . . - ANSWER-once you're out of college, living debt free, and
have 3-6 months of living expenses saved
Why do some accounts, like savings accounts at your local bank, earn interest?
- ANSWER-because the bank pays you to use your money
It's not IF an emergency will happen, but _______. - ANSWER-When
ATLS POST TEST 3 LATEST VERSION REAL EXAM
DETAILED QUESTIONS AND CORRECT ANSWERS
GRADED A+ 2025-2026.
While saving money isn't easy at first, it will make your life a lot _______ in the
future if you make it a habit now. - ANSWER-Easier
Most millionaires make over $100,000 a year. - ANSWER-False
Which of these would count as a legitimate reason to use your emergency
fund? - ANSWER-Your car battery died
The amount of interest charged on a debt but not yet collected is called... -
ANSWER-Accrued interest
,2
One of the main reasons we build wealth is so that we can . . . - ANSWER-Give
to those in need
Which principle says that a certain amount of money today is worth more
than the same amount in the future? - ANSWER-time value of money
How does Murphy's Law ("anything that can go wrong will go wrong") apply
to saving money? - ANSWER-expect something to go wrong, plan for it and
save
How does planning and saving for your future help you build wealth? -
ANSWER-takes patience, and the key is to start saving asap, takes discipline
What are 3 questions to ask yourself before spending your emergency fund? -
ANSWER-is it unexpected, urgent, necessary
,3
Explain why making payments on a car is such a poor financial decision. -
ANSWER-pay more because of interest and don't have that money to save
Think back to the story of Jack and Blake. Explain how Jack ended up with
more money in his investment account by the time he retired, when Blake
invested more money. - ANSWER-it's because jack didn't invest as much but
he invested sooner and compound growth over time pulled through
47% of Americans have less than $1000 saved for an - ANSWER-Emergency
You'll have less freedom with your money if you - ANSWER-Are paying for
things in your past
, 4
Once you have a $500 emergency fund, you should . . - ANSWER-Save it until
emergency
The first step you should take when you want to make a large purchase is . . . -
ANSWER-decide how much you'll need to save and the time frame you want
to save it in
The best way to build wealth is to start investing early. You should start
investing money . . . - ANSWER-once you're out of college, living debt free, and
have 3-6 months of living expenses saved
Why do some accounts, like savings accounts at your local bank, earn interest?
- ANSWER-because the bank pays you to use your money
It's not IF an emergency will happen, but _______. - ANSWER-When
