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quiz

inflation __the buying power of money and is measured using the __

Decreases, Consumer Price Index (CPI)

when prices are increasing at the rate of 3%, the cost of products would double in about__years.

24

the "Fed" refers to

The Federal Reserve System

A parent Planning for the college education of her 5 year old daughter is setting a__ goal

long term

which of the following is the best example of a well stated financial goal?

save $400 a month to create a $4000 emergency fund by the end of this year

if you invest $1000 every year for the next 10 years (in a mutual fund) and it earns 8% a year, at the end of 10 years, you will have $__ ( ignoring taxes)

$14,487

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