Personal Finances Answers

15 verified answers1 views
4

Which is the best reason for saving?

A
to buy what one wants now
B
to leave money to heirs
C
to achieve future goals
D
to accumulate wealth
6

Flexible expenses _________ from month to month.

A
vary
B
increase
C
decrease
D
remain unchanged
7

Banks pay interest to encourage people to open each of the following types of accounts EXCEPT:

A
credit card
B
regular savings
C
money market
D
certificate of deposit
8

Which type of account offers the highest rate of interest?

A
regular checking
B
money market
C
regular savings
D
certificate of deposit
10

Each of the following is a tip on how to shop smart EXCEPT:

A
comparison shop
B
impulsively shop
C
set a dollar amount limit for purchases
D
save money from discounted purchases
14

Each of the following applies to a regular savings account EXCEPT:

A
time based
B
withdraw anytime
C
low rate of interest
D
minimum opening balance
15

Risk and __________ increase or decrease together.

A
return
B
deposit
C
liquidity
D
accessibility

Did you find these answers helpful?