EVERFI module 1 questions with correct answers

which of the following is NOT a common feature of a financial institution? CORRECT ANSWER access to investment products, investment trading, access to investment advice which of the following statements about check cashing companies is TRUE? CORRECT ANSWER they charge high fees which of the following financial institutions typically have the highest fees? CORRECT ANSWER check cashing and payday loan companies which of the following statements about check cashing companies is FALSE? CORRECT ANSWER they charge low fees which type of bank account typically offers the least (if any) interest? CORRECT ANSWER checking account savings accounts typically offer more interest than what type of account? CORRECT ANSWER checking account which type of bank account is best for everyday transactions? CORRECT ANSWER checking account t/f: a savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily CORRECT ANSWER true which savings account will earn you the least money? CORRECT ANSWER one that earns simple interest monthly which savings account will earn you the most money? CORRECT ANSWER one that compounds interest daily