Question: The best reason to save money is to provide for future needs

Answer: True

Question: Online savings accounts generally pay higher rates of interest than traditional savings accounts.

Answer:

Question: Like certificates of deposit, there is a substantial penalty for taking money out of money market accounts.

Answer: False

Question: The more liquid an investment, the less earning it is likely to have

Answer: True

Question: A typical down payment for a house is about ___ percent of the purchase price.

Answer: B. 10 to 20

Question: Work-study programs allow students to earn money by working

Answer: C. on campus

Question: Interest paid on the original principal plus accumulated interest is called

Answer: D. compound interest

Question: The widest variety of banking services is provided at a

Answer: C. commercial bank

Question: Cash allowances awarded to students to help pay education costs are called

Answer: grants

Question: The amount of money you deposit into a savings account is called the

Answer: principal