EverFi module 1-6 (business finance) questions and answers graded A
2 views 0 purchase
Course
Everfi Module 9 Investing
Institution
Everfi Module 9 Investing
which of the following is NOT a common feature of a financial institution? access to
investment products, investment trading, access to investment advice
which of the following statements about check cashing companies is TRUE? they charge
high fees
which of the following financial institutions ...
EverFi module 1-6 (business finance)
questions and answers graded A
which of the following is NOT a common feature of a financial institution? ✔✔access to
investment products, investment trading, access to investment advice
which of the following statements about check cashing companies is TRUE? ✔✔they charge
high fees
which of the following financial institutions typically have the highest fees? ✔✔check cashing
and payday loan companies
which of the following statements about check cashing companies is FALSE? ✔✔they charge
low fees
which type of bank account typically offers the least (if any) interest? ✔✔checking account
savings accounts typically offer more interest than what type of account? ✔✔checking account
, which type of bank account is best for everyday transactions? ✔✔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 ✔✔true
which savings account will earn you the least money? ✔✔one that earns simple interest monthly
which savings account will earn you the most money? ✔✔one that compounds interest daily
why is it important to reconcile your bank statements? ✔✔to avoid spending more than what is
in your account, to detect any errors in your account, and to determine if you were charged any
fees
how can you avoid spending more than what is in your bank account? ✔✔keep your own records
to compare with your financial institution's records
how would you reconcile your bank account to avoid spending more than you have?
✔✔compare your own records of your spending with your financial institution's records
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller dennisgathiru. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
