Question: i forgot number 1
Answer: i put 35%
Question: if the rate of inflation is higher than your interest rate on your savings account you are losing buying power
Answer: false
Question: a recession is
Answer: negative GDP for two consecutive quarters
Question: 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
Question: what’s your real rate of return if your savings account pays 2.5% interest and inflation is 1%
Answer: 1.5%
Question: if a dozen eggs costs $3.50 now, they’ll cost how much in 25 years based on inflation
Answer: cant figure
Question: 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
Question: 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
Question: 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
Question: which of the following is a good example of inflation
Answer: 4 to 4.25