Quiz – Emergency Fund First

Question 1 of 6

1. Question

A retirement account

Protection, not an investment

Correct Incorrect Correct answer

A high-growth investment

Correct Incorrect Correct answer

A speculative asset

Correct Incorrect Correct answer

A retirement account

Correct Incorrect Correct answer

Question 2 of 6

2. Question

Compounding

Forced liquidation of investments

Correct Incorrect Correct answer

Earning any interest

Correct Incorrect Correct answer

Diversification

Correct Incorrect Correct answer

Compounding

Correct Incorrect Correct answer

Question 3 of 6

3. Question

Zero, if you invest

Three to six months of expenses

Correct Incorrect Correct answer

One day of expenses

Correct Incorrect Correct answer

Ten years of expenses

Correct Incorrect Correct answer

Zero, if you invest

Correct Incorrect Correct answer

Question 4 of 6

4. Question

Skipping diversification

Confident long-term investing

Correct Incorrect Correct answer

Ignoring all risk

Correct Incorrect Correct answer

Guaranteed returns

Correct Incorrect Correct answer

Skipping diversification

Correct Incorrect Correct answer

Question 5 of 6

5. Question

Match each emergency-fund concept to its meaning.

Sort elements

Protection, not investment
Recommended coverage
What the fund prevents

Emergency fund

Correct Incorrect Correct answer

Three to six months

Correct Incorrect Correct answer

Forced liquidation

Correct Incorrect Correct answer

Question 6 of 6

6. Question

It removes all financial risk

It prevents selling investments at bad times

Correct Incorrect Correct answer

It replaces the need to invest

Correct Incorrect Correct answer

It guarantees market gains

Correct Incorrect Correct answer

It removes all financial risk

Correct Incorrect Correct answer