interest is: |
B |
To earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest rate. |
A |
John just opened a savings account and wants to maximize the amount of interest he earns. Which of the following actions would enable him to earn MORE interest |
D |
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? |
D |
Which of the following is a type of savings vehicle? |
A |
Which of the following is generally true about savings vehicles? |
B |
Which of the following savings vehicles usually requires a high minimum balance? |
B |
Which of the following accounts will give you the LEAST access to your money |
B |
The purpose of a budget is to: |
A |
When it comes to saving money, what is a good rule of thumb. |
B |
The three parts of the Federal Reserve System are the Reserve Banks, the Federal Open Market Committee (FOMC), and the |
A |
Which of the following is NOT one of the responsibilities of the Federal Reserve |
D |
Which of the following is a unique feature of credit unions? |
D |
Which type of account is typically the MOST liquid? |
A |
Savings accounts usually offer _________ interest rates than checking accounts. It is _________ to access your money in a savings account than in a checking account |
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What part of a check is the LEAST important? |
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Which of the following represent typical account fees? |
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What’s the best strategy for avoiding ATM fees? |
… |
What’s the purpose of balancing or monitoring your checking account? |
… |
The best way to ensure the accuracy and safety of your accounts is to: |
… |
Which of the following payment types requires you to pay upfront? |
D |
Which of the following statements comparing debit cards to credit cards is TRUE |
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Financial Literacy Mid Term
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