Everfi savings quiz - Study guides, Class notes & Summaries

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 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 - SAVINGS QUIZ TEST 2023..

EVERFI - SAVINGS QUIZ Which of the following savings vehicles usually requires a high minimum balance? To earn as much interest as possible, you should open a savings account that earns _______ in terest and has the ______ interest rate. When it comes to saving money, what is a good rule of thumb? Tamara has $500 she is looking to save for a class trip. She wants to earn the most possible interest and will not need access to her money for a full year. Which type of savings account will be best f...

EVERFI - SAVINGS QUIZ 2022 VERIFIED SUCCESS