Question

1. investing your money earns you more money because of...

checking accounts
mortgage payments
compound growth
short - term savings

1. you can build a legacy youll be proud of by...

giving your time and money to others
thinking of yourself first
sending your kids to trade schools
keeping 10 - 12 months of living expenses in your emergency fund

1. social security benefits are meant to ______ your income.

replace 40% of
tax 100% of
decrease
fully replace

Explanation:

Question 17

Checking accounts are for daily transactions, not growth. Mortgage payments are for repaying loans. Short - term savings have low growth. Compound growth (interest on principal and accumulated interest) makes invested money grow, so it's the reason investing earns more.

Thinking of oneself first doesn't build a legacy. Sending kids to trade schools is a personal choice, not legacy - building. Emergency funds are for financial security. Giving time and money to others (philanthropy, helping) creates a positive legacy.

Social Security is designed to replace about 40% of pre - retirement income (not 100%, not to decrease, not fully replace). The "Tax 100% of" option is incorrect.

Answer:

C. Compound growth

Question 18