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EverFi Assessment

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46 questions

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  • 1. Multiple Choice
    3 minutes
    1 pt
    Interest is: 
    A charge for lending money to a bank
    The amount owed for borrowing money
    the amount added into your savings when opening a bank account
    a charge for the convenience of accessing money stored in your bank account
  • 2. Multiple Choice
    3 minutes
    1 pt
    To earn as much interest as possible, you should open a savings account that earns ________ interest and has the _______ interest rate. 
    compound; lowest
    compound; highest
    simple; lowest
    simple; highest 
  • 3. Multiple Choice
    1 minute
    1 pt
    Which of the following  is a type of savings vehicle? 
    Certificate of Deposit
    Money Market Account
    Checking Account
    Both A & B 
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