1. A part of your emergency fund should include _____. (1 point)
   

cash

credit cards

real estate

savings bonds

1. 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

1. 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)

$

1. 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)

$