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When it comes to saving money, what is a good rule of thumb?
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
Which of the following savings vehicles usually requires a high minimum balance?
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
The purpose of a budget is to:
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
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
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
Which of the following is a type of savings vehicle?
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
Which of the following is generally true about savings vehicles?
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
To earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest rate.
Both A B
People should evaluate different forms of savings vehicles based on their needs
Compounding daily
Put aside money for savings each month
help you plan how you will spend the money you earn or receive
compound; highest
Certificate of Deposit (CD)
Both A B
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