QUIZ-LESSON 3- Smart Banking and Saving V2.docx | Download for quality grades |

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Question 1 1 out of 1 points When shopping for the best interest-bearing account, the only way to make a true apples-toapples comparison is to review each account's: Selected Answer: Annual perc... entage yield Answers: Minimum required balance Annual fees Annual percentage yield Interest rate  Question 2 1 out of 1 points True or False? All checking accounts earn interest. Selected Answer: False Answers: True False  Question 3 1 out of 1 points Why is a bank the safest place to keep your money? Selected Answer: Bank deposits are insured by the federal government Answers: Banks pay interest on most accounts. Bank deposits are insured by the federal government Banks do background checks on employees to insure no one hired has a criminal record.  Question 4 1 out of 1 points Suppose you want to get a guaranteed interest rate on a bank deposit for up to five years. To do this, you must… Selected Answer: Put your money in a certificate of deposit. Answers: Take out a mortgage from the same bank. Have at least $ 100,000 on deposit. [Show More]

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