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Weekly Quiz 6
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Question 1 of 1
1. Question
Drag the correct word or phrase to the right-hand column next to its definition.
Sort elements
- Emergency fund
- Investing
- Pay Yourself First
- Saving
- Direct deposit
- Online banking
- Time Value of Money
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Money saved to help cover unexpected expenses
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Putting money into an asset (such as a stock, bond, or mutual fund) with the expectation that it will grow over time, but with the risk that it will not
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The idea that consumers should routinely and automatically put money into savings before spending on anything else
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Setting aside income or money for future spending
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Electronic transfer of a payment from the account of the payer to the account of the recipient
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Customers make financial transactions through the financial institution's website
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Money available now is worth more than the same amount of money in the future due to its potential earning capacity
Correct
Incorrect