Financial Accounting > EXAM > EverFi Modules Questions and Answers Graded A (All)
EverFi Modules Questions and Answers Graded A
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What is the typical relationship between time and interest rate? a) Longer time period usually equal higher interest rates b) Shorter time period usually equal higher interest rates c) Longer time ... periods usually have no affect on interest rates d) Shorter time periods usually have no affect on interest rates ✔✔a) Longer time period usually equal higher interest rates Interest is: a) a charge for lending money to a bank b) the amount owed for borrowing money c) the amount added into your savings when opening a bank account d) a charge for the convenience of accessing money stored in your bank account ✔✔b) the amount owed for borrowing money Which of the following is the MOST important consideration when planning your budget? a) Budget for expected events before unexpected expenses [Show More]
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