Which of these are savings tools? (select all that apply)

True or False: A credit union is owned by its members.

True or False: A savings account pays the highest interest.

What is necessary for you to use your bank account?

What are all the ways you can access your bank account without having to go to the bank?

True or False: A debit card functions just like a credit card, it just has a different name.

What kind of depository institution offers services to both consumers and businesses?

The value of money should be nearly the same today as tomorrow.

Money should be hard to copy and easy to recognize for what it is.

Equal denominations of money should have the same value.

Seeing the price of an item.

Putting money away or storing it in a safe place.

Paying money and getting something in return.

What type of savings tool pays the highest interest?

Have long-term effects on a person’s life. They should be made very carefully and with a lot of thought.

Financial goals are specific objectives that are accomplished through properly managing your money, which is also called

True or False: Short-term goals should be accomplished in less than a year.

True or False: The value of the next best alternative that must be forgone as a result of a decision is called Opportunity Cost.