Everfi savings quiz - Study guides, Class notes & Summaries

EverFi New Module 1 2023 - Savings - /21 Final Quiz Answer

EverFi Module 1 - Savings - Final Quiz Answers

Everfi module 1 savings final quiz answersYou are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the LEAST access to your money? A.) Simple savings account B.) Certificate of Deposit (CD)* C.) Checking account D.) Cash Tamara has $500 she is looking to save for a clas...

Key * = correct answer You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the LEAST access to your money? A.) Simple savings account B.) Certificate of Deposit (CD)* C.) Checking account D.) Cash Tamara has $500 she is looking to save for a class trip. She wants t...

Key * = correct answer You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the LEAST access to your money? A.) Simple savings account B.) Certificate of Deposit (CD)* C.) Checking account D.) Cash Tamara has $500 she is looking to save for a class trip. She wants t...

Everfi Lesson 3 Budgeting Quiz Answered correctly_Spring 2023. Which of the following is a benefit of using a budget? a. Helps to keep track of the money you receive b. Helps to prioritize your spending c. Helps reach shortnd long-term financial goals d. All of the above Which of the following is NOT a benefit of using a budget? a. a budget can help you purchase anything you want. b. a budget can help you keep track of your money. c. a budget can help you make plans to reach your f...

Key * = correct answer You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the LEAST access to your money? A.) Simple savings account B.) Certificate of Deposit (CD)* C.) Checking account D.) Cash

Key * = correct answer You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the LEAST access to your money? A.) Simple savings account B.) Certificate of Deposit (CD)* C.) Checking account D.) Cash

Which of the following savings vehicles usually requires a high minimum balance? - Answer- Certificate of Deposit (CD) To earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest rate. - Answer- compound; lowest When it comes to saving money, what is a good rule of thumb? - Answer- Put aside money for savings each month Tamara has $500 she is looking to save for a class trip. She wants to earn the most possible interest...

Key * = correct answer You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A.) Compounding 1 time a year B.) Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the LEAST access to your money? A.) Simple savings account B.) Certificate of Deposit (CD)* C.) Checking account D.) Cash