Saving (B10)

Front

Saving money now can help you with which of the following? Prepare for unexpected emergencies, Prepare for retirement, Reach financial security, All of these answers are correct.

Back

All of these answers are correct.

Front

Which factor should you consider before choosing a saving plan?

Back

All answers are correct.

Front

Which account would yield the most interest if all other factors (APR, principal, etc.) were the same? Options: an account that compounds annually, an account that compounds biannually, an account that compounds quarterly, an account that compounds monthly

Back

an account that compounds monthly

Front

Which type of college funding needs to be repaid? Options: scholarships, grants, loans, work-study

Back

loans

Front

Who insures deposits at commercial banks?

Back

FDIC

Front

Who insures deposits at credit unions?

Back

NCUA

Front

Which option has the highest liquidity? money market account, savings account, certificate of deposit

Back

savings account

Front

What does a brokerage firm do?

Back

buy and sell securities

Front

If you buy stock in a corporation, which statement is true? You have loaned money to the corporation. You own part of the corporation. Both statements are true. Neither statement is true.

Back

You own part of the corporation.

Front

For something to be considered a short-term need, you should be able to save for it within what time frame?

Back

1 year