In: Finance
14. A(n) ____ is not an interest-bearing account.
|
15. Commercial banks are insured by the
|
16. ____ is a benefit of using credit.
|
17. Which of the following is not a strategy to building your savings?
|
14.
regular checking account is not an interest-bearing account.
Option (E) is correct answer.
15.
Commercial banks are insured by the Federal Deposit Insurance Corporation.
Option (C) is correct answer.
16.
The ability to buy expensive goods while spreading the payments over time (EMI Facility) is a benefit of using credit.
Option (A) is correct answer.
17.
Strategy to building your savings are Pay yourself first, reinvest interest and dividends, Splurge once in a while, Set up a retirement plan.
So, All the above are strategies.
Option (E) is correct answer.