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