Everfi 1-5 exam questions & answers 2023

Everfi 1-5 exam questions & answers 2023The purpose of a budget is to help you plan what? how you will spend the money you earn or receive. What kind of bank account will help you most financially? a saving account that compounds daily will benefit you most financially. What accounts are saving vehicles? savings accounts, money market accounts and certificates of deposit. The rule of 72 is used to determine what? the number of year it will take for an investment to double in value at a given interest rate. To earn as much interest as possible you should what? open a savings account that earns compound interest and has the highest interest rate. A certificate will give you the____ access to your money least What accounts typically offer no interest? Checking accounts A payday lender typically have the ___ interest rates highest Establishing the Federal government is NOT the responsibility of who? the federal reserve What financial institution typically has membership requirements? a credit union What type account is the MOST liquid? a checking account What is the LEAST important part of a check the memo line