1. a part of your emergency fund should include (1 point)
cash
credit cards
real estate
savings bonds

2. an emergency can be (1 point)
an unexpected beach trip
designer clothes that are only available for a short time
a natural disaster
a late credit card payment

3. your fixed expenses are $1,500.45/month. your emergency fund has 4 month’s worth of
coverage. you invest half in a savings account with an interest rate of 3.15% apr and the
other half in a 45­day cd with an interest rate of 4.65% apr. how much is your total interest
in 45 days?
(1 point)
$

4. if you had invested only 1 month’s worth of the emergency fund in the saving account at a
3.15% apr and the remainder in the 45­day cd at a 4.65% apr, what is the difference in the
interest earned in 45 days when compared with question #3?
(1 point)
$