all of the following are true about prepaid cards EXCEPT:
a-prepaid cards typically include a lot of fees
b-prepaid cards are a useful option for someone who is unbanked to
make online purchases
c-prepaid cards are a great way to build credit
d-prepaid cards are usually accepted anywhere that debit and credit
cards are accepted - CORRECT ANSWER -c-prepaid cards are a great
way to build credit
you are developing a savings plan and using short-, medium-, and long
term goals to motivate you. Which represents possible possible goals
from short term to long term ?
a-retirement, a house down payment, college tuition
b-a new cell phone, college tuition, a house down payment
c-a new cell phone, dinner with friends this weekend, a new bike
d-retirement, college tuition, a vacation - CORRECT ANSWER -b-a new
cell phone, college tuition, a house down payment
Juan saved $1000 from his summer job cleaning pools. Which of these
account types would work best for him i he doesn't need access to the
, money for a number of years and wants to earn the highest interest
rate? - CORRECT ANSWER -certificate of deposit
Monthly income should be separated as- 50% should go to ____, 30%
should go to ____, and 20% should go to ____ - CORRECT ANSWER -
needs, wants, and savings
which represents the best time to start saving for your retirement? -
CORRECT ANSWER -As soon as you have your first full time job.
True or false: The majority of americans do NOT have an adequate
emergency fund or sufficient amounts of money saved for retirement. -
CORRECT ANSWER -True
Experts recommend that you accumulate enough to cover 3-6 ______
of expenses in your emergency fund. - CORRECT ANSWER -Months
True or false: Historically, savings accounts earn higher returns than
investments in the stock market - CORRECT ANSWER -false
What is the highest expected interest rate to lowest expected interest
rate for savings options? - CORRECT ANSWER -10-year CD, 5-year CD
Savings account at traditional bank.
a-prepaid cards typically include a lot of fees
b-prepaid cards are a useful option for someone who is unbanked to
make online purchases
c-prepaid cards are a great way to build credit
d-prepaid cards are usually accepted anywhere that debit and credit
cards are accepted - CORRECT ANSWER -c-prepaid cards are a great
way to build credit
you are developing a savings plan and using short-, medium-, and long
term goals to motivate you. Which represents possible possible goals
from short term to long term ?
a-retirement, a house down payment, college tuition
b-a new cell phone, college tuition, a house down payment
c-a new cell phone, dinner with friends this weekend, a new bike
d-retirement, college tuition, a vacation - CORRECT ANSWER -b-a new
cell phone, college tuition, a house down payment
Juan saved $1000 from his summer job cleaning pools. Which of these
account types would work best for him i he doesn't need access to the
, money for a number of years and wants to earn the highest interest
rate? - CORRECT ANSWER -certificate of deposit
Monthly income should be separated as- 50% should go to ____, 30%
should go to ____, and 20% should go to ____ - CORRECT ANSWER -
needs, wants, and savings
which represents the best time to start saving for your retirement? -
CORRECT ANSWER -As soon as you have your first full time job.
True or false: The majority of americans do NOT have an adequate
emergency fund or sufficient amounts of money saved for retirement. -
CORRECT ANSWER -True
Experts recommend that you accumulate enough to cover 3-6 ______
of expenses in your emergency fund. - CORRECT ANSWER -Months
True or false: Historically, savings accounts earn higher returns than
investments in the stock market - CORRECT ANSWER -false
What is the highest expected interest rate to lowest expected interest
rate for savings options? - CORRECT ANSWER -10-year CD, 5-year CD
Savings account at traditional bank.
