EverFi - module 5 Future Smart growing a business13 Questions and Answers

EverFi - module 5 Future Smart
growing a business\13 Questions and
Answers
a. You can make frequent withdrawals - -Which of the following
is NOT a benefit of putting money in a savings account?

a. You can make frequent withdrawals
b. You can earn interest
c. It is harder to spend the money
d. The money is safe and secure

-a. Account 1 - Interest rate 2%, Interest compounded daily - -
Aaron wants to open a savings account. Which account will grow
his money the most?

a. Account 1 - Interest rate 2%, Interest compounded daily
b. Account 2 - Interest rate 1%, Interest compounded daily
c. Account 3 - Interest rate 2%, Interest compounded semi-
annually
d. Account 4 - Interest rate 1%, Interest compounded annually

-c. The amount of money a company makes from sales - -
Revenue is:

a. The amount of money a company pays its employees
b. The amount of money a company has left after paying bills
c. The amount of money a company makes from sales
d. The amount of taxes a company has to pay

-a. inflation - -The average price of a gallon of milk increased
from $3.00 last year to $3.50 this year. This is most likely due to
______________________.

a. inflation
b. the stock market
c. deflation