1. 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 got the convenience of accessing money stored in your bank account
2. Which of the following is a type of savings vehicle?
a. certificate of deposit
b. money market accountant
c. checking account
d. both a & b
3. Which of the following is generally true about savings vehicles?
a. savings vehicles are only useful for long term investments
b. people should evaluate different forms of savings vehicles based on their needs
c. savings vehicles are never insured
d. all of the above
B. D. and B. Assuming you had a typo in #2b.