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A stock is

A share of ownership in a company

Investing is best for ________.

Investing can have higher returns but they are not guaranteed. This makes investing relatively riskier than putting money in a savings accounts but a good option for long-term financial goals.

Which of the following is NOT a common feature of a financial institution?

access to investment products

Why is it important to reconcile your bank statements?

avoid spending more that you have

Savings accounts typically offer more interest than what type of account?

chechking account

Which of the following financial institutions typically have the highest fees?

check cashing and pay day loans

Which type of bank account typically offers the least (if any) interest?

checking accounts

How would you reconcile your bank account to avoid spending more than you have?

compare your own records of your spending with your financial institutions records

Which of the following statements about check cashing companies is TRUE?

high fees

What should you do before you use an ATM?

inspect the ATM and its surroundings to make sure it is safe to use

which of the following statements about investing is true

investing is riskier than putting money in a savings account

Which of the following statements about savings accounts is FALSE?

saving accounts limited the number of with drawls that can be made each month

Which of the following statements about check cashing companies is FALSE?

they charge high fees

A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.

true

If there is a mistake with one of your bank accounts, who should you contact to resolve the issue?

your financial institution