Finance Questions

True or False. Adding fudge factors to discount rates undervalues long-lived projects compared with quick-payoff projects.

Being a spender has many more positives than being a saver. True or False?

Avoiding debt can lead to financial freedom and hope. True or False?

The amount of interest charged on debt but not yet collected is called....

The primary reason people don't budget is because they lack the behavior to stick to a budget.

______________ is a millionaire's best friend.

90% of millionaires make over $100,000 a year. True or False?

Commission is when you make money based on the percentage of _____.

The top three careers reported among millionaire's were_______,_________, and _________.

Debt is a tool to use to make you wealthy. True or False?

You should budget in this order: giving, savings, spending. True or False?

If people saved the equivalent of a car payment each month for a year or two (instead of spending it on payments and interest), they could have enough money to buy a car with cash for much cheaper! True or False?

In order to outpace inflation when investing , your investments need to have a lower rate of return than the rate of inflation. True or False?

If you get married, only one person is responsible for budgeting. True or False?

Compound interest is earned at a fixed rate, while _________ is an average based on investment's past performance.

Your monthly rent payment is an example of a variable expense. True or False?

Which of the these would count as a legitimate reason to use your emergency fund?A. You forgot to budget for your mom's birthday giftB. You have a fancy event coming up but you already spent all your clothing budget categoryC. The smartphone you've wanted just went on saleD. Your car battery died

Net income is the amount you get paid before taxes. True or False?

When is it the right time to start creating and living by a budget?

What is a way to stay accountable to reaching your financial goals?