A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.
GFL State Review #2

Flashcard
•
Business
•
11th Grade
•
Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
Back
True
2.
FLASHCARD QUESTION
Front
investing is best for
Back
long-term financial goals, like paying for retirement
3.
FLASHCARD QUESTION
Front
Which of the following is NOT a good way to track your spending?
Options:
Notebook and pencil
envelop method
online software or app
Back
In your head
4.
FLASHCARD QUESTION
Front
Which payment option could have interest charged to you? cash, check, debit card, credit card
Back
credit card
5.
FLASHCARD QUESTION
Front
What is a benefit of having a good credit score?
Back
When you need a loan, you'll have more loan offers to pick from.
6.
FLASHCARD QUESTION
Front
Credit cards can help _____ when paid off on time regularly.
Back
build credit history
7.
FLASHCARD QUESTION
Front
An insurance premium is paid by the
Back
policyholder
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