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It is not beneficial to start saving early.
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
Stocks and bonds issued by corporations or by the government are called
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
The more often interest is compounded, the lower your earnings.
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
Some ways to make saving easier include direct deposit and automatic payroll deductions.
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
A sum of money deposited for a set length of time at a fixed interest rate is a
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
Diversification of investments helps to protect against large losses.
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
Based on the Rule of 72, if the interest rate is 4%, how many years will it take for your money to double?
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
Needs you expect to have in the next few months or years are
True
False
Short-Term
False
18 years
Certificate of Deposit
True
securities
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