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EVERFI - Banking Basics Questions and Answers 100% Pass
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Investing is best for ________. a. long-term financial goals, like paying for retirement. b. earning a little interest while keeping your money safe c. guaranteed fast growth on your money d. short-term financial goals, like building an emergency fund. a How can you avoid spending more than wh...

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  • October 28, 2023
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • everfi banking basics questions and answers 100

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  • Service Consultant ASE
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EVERFI - Banking Basics Questions and
Answers 100% Pass
Investing is best for ________.

a. long-term financial goals, like paying for retirement.

b. earning a little interest while keeping your money safe

c. guaranteed fast growth on your money


d. short-term financial goals, like building an emergency fund. ✔✔a




How can you avoid spending more than what is in your bank account?

a. check your bank statement once a month

b. ask your financial institution to notify you when you are close to $0 in your account

c. keep your own record to compare with your financial institutions records


d. none of the above. ✔✔c




A savings account that compounds interest daily will earn a higher return than a savings account

that pays simple interest daily.

a. FALSE


b. TRUE ✔✔a

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