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If a savings account requires a minimum balance and you go below it, financial institutions won’t charge you a fee.
False
True
False
False
True
False
an original deposit of money
all of the above
Money in a savings account using compound interest will grow faster than money in an account that uses simple interest.
False
True
False
False
True
False
an original deposit of money
all of the above
The Rule of 72 predicts when your money will triple in value.
False
True
False
False
True
False
an original deposit of money
all of the above
All financial institutions have the same features for all of their savings accounts.
False
True
False
False
True
False
an original deposit of money
all of the above
When comparing financial institutions offering savings accounts, you should read about
False
True
False
False
True
False
an original deposit of money
all of the above
The Rule of 72 can calculate the amount of interest needed to reach a financial goal in a set number of years.
False
True
False
False
True
False
an original deposit of money
all of the above
When it comes to a savings account, the principal is
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True
False
False
True
False
an original deposit of money
all of the above
Simple interest includes the multiplication of the APY by the principal and interest.
False
True
False
False
True
False
an original deposit of money
all of the above
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