EVERFI - Banking Basics Questions and Answers 100% Pass

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Investing is best for ________. a. long-term financial goals, like paying for retirement. b. earning a little interest while keeping your money safe c. guaranteed fast growth on your money d. s... hort-term financial goals, like building an emergency fund. ✔✔a How can you avoid spending more than what is in your bank account? a. check your bank statement once a month b. ask your financial institution to notify you when you are close to $0 in your account c. keep your own record to compare with your financial institutions records d. none of the above. ✔✔c A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily. a. FALSE b. TRUE ✔✔a [Show More]

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