business class questions? please help!?
-
What is interest? a. A charge for lending money to a bank
b. The amount owed for borrowing money
c. The amount added to your savings when opening a bank account
d. A fee for the convenience of accessing money stored in your bank account -
Which of the following is considered a type of savings vehicle?
a. Certificate of deposit
b. Money market account
c. Checking account
d. Both a and b -
Which of the following statements is generally true about savings vehicles?
a. Savings vehicles are only useful for long-term investments
b. People should evaluate different forms of savings vehicles based on their needs
c. Savings vehicles are never insured
d. All of the above
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