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Sigrid O'Kon

Feb 20, 2025

business class questions? please help!?

1. Interest is:a. a charge for lending money to a bankb. the amount owed for borrowing moneyc. the amount added into your savings when opening a bank account d. a charge got the convenience of accessing money stored in your bank account2. Which of the following is a type of savings vehicle?a. certificate of depositb. money market accountantc. checking account d. both a & b3. Which of the following is generally true about savings vehicles?a. savings vehicles are only useful for long term investmentsb. people should evaluate different forms of savings vehicles based on their needsc. savings vehicles are never insuredd. all of the above
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