Personal finance savings
Arizona State University
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Personal finance savings test
- Exam (elaborations) • 4 pages • 2024
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Juan saved $1,000 from his
summer job cleaning pools. Which
of these savings vehicles would
work best for him if he doesn't need
access to the money for a number
of years AND wanted to earn the
highest interest rate? - Answer-certificate of deposit
Which of these statements about
saving is INCORRECT? - Answer-it is extremely difficult to open a savings account, as you typically need at least $10,000 for your initial deposit
You are 18 years old, opening
your first savings account,...
Exam (elaborations)
Personal finance savings test
Last document update:
ago
Juan saved $1,000 from his summer job cleaning pools. Which of these savings vehicles would work best for him if he doesn't need access to the money for a number of years AND wanted to earn the highest interest rate? - Answer-certificate of deposit Which of these statements about saving is INCORRECT? - Answer-it is extremely difficult to open a savings account, as you typically need at least $10,000 for your initial deposit You are 18 years old, opening your first savings account,...
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