Summary:
Here is the replacement text for the Finances II quiz. This quiz has right and wrong answers. Pass is anything over 50%, and a pass is needed to earn the Savings & Budgeting II badge.
Claire really likes going to the movies, and is building her budget. Should she:
a. Ignore this while she builds her budget
b. Budget for it because she knows she is going to go to the movies anyways
c. Find a new hobby that costs less
*correct answer b)
You don’t necessarily need to change your habits, just plan for them
If you have a credit card with a $2,000 dollar balance, and you pay $40 a month, how long you think it would take for you to pay it off?
a. Less than a year
b. 2-5 years
c. Almost 10 years
*correct answer c)
Yikes! Just making small payments on your credit card means you will be paying it back for a long time
Lily wants to start investing. She generally doesn’t like risky stuff in life. She is presented with an investment opportunity that in the past has paid out over 20% a year. What should she do?
a. Jump right in - its 20%!
b. Only invest half her savings to see what happens
c. Sit down with an advisor and look at all of her options
*correct answer c)
Lily sounds like she may not want the risk associated with this investment. She should really sit down with an advisor and find something that is a fit for her.
Summary: Here is the replacement text for the Finances II quiz. This quiz has right and wrong answers. Pass is anything over 50%, and a pass is needed to earn the Savings & Budgeting II badge.
*correct answer b) You don’t necessarily need to change your habits, just plan for them
*correct answer c) Yikes! Just making small payments on your credit card means you will be paying it back for a long time
*correct answer c) Lily sounds like she may not want the risk associated with this investment. She should really sit down with an advisor and find something that is a fit for her.