Question 1

Which one usually has a higher interest rate?

Accepted Answer

Investing

Answer

Savings Account

Answer

Neither of them

Answer

Both of them have the same

Question 2

True or False: Your money will grow more if you have more time to invest

Accepted Answer

True

Answer

False

Question 3

Which one would be an example of a saving method?

Accepted Answer

Putting $20 per paycheck into an account to help pay for books during college

Answer

Giving your cousin $5000 to help start his business, in exchange for 5% of his monthly profits

Answer

Buying shares of stock in your favorite clothing company

Answer

Contributing 3% of your paycheck to a 401(k) plan offered through your job

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