Math I guess idk
What's cheaper, spending $100 cash or $100 on a credit card?
Cash, always
What are the basic types of bank accounts?
Checking and Savings
What is the current price of BTC (to the nearest thousand)
$112,000
There's many types, including
Brokerage accounts (flexible accounts used for trading other products)
Managed accounts (a profile of assets that is managed by a professional or a computer)
Retirement accounts
When is this best time to start building credit?
Immediately!
What is more expensive for you, a 25% APR or a 30% APR?
30%
What type of account earns interest, checking or savings?
Savings
What is the current US inflation rate?
3%
Tell me three types of investments
Stocks/Bonds, Cryptocurrencies, Commodities, Annuities, Real Estate, ETFs, and accounts like CDs
What is a secured credit card?
A credit card which requires a down payment
If a product costs $100 and has 10% sales tax, how much does the product really cost?
$110
What types of accounts (other than checking and savings) do banks offer?
MMA's (Money Market Accounts)
CD's (Certificates of Deposits)
IRA's (Retirement Accounts)
HSA's (Health Savings Accounts)
What is the FDIC?
If you're going to put money into a high-risk investment (like a stock or a cryptocurrency), how much should you be prepared to lose?
All of it
What percentage of a credit card's balance is the best amount for building your credit?
About 33%
If you open a CD savings account with $10,000 with a 3% interest APY (annual percentage yield), how much will you have at the end of one year?
$10,300
What is a CD account (Certificate of Deposit)?
A type of account where you deposit money for a fixed term with a fixed interest rate. Withdrawing the money before this term is concluded typically results in a penalty.
When is the best time to start investing in your future?
What's generally considered the "safest stock"?
Any account that involves borrowing money from a bank
I can't think of another question TBH
6 7 lmao
What are the different types of retirement accounts?
There's many different types, including 401k, Roth 401k, Traditional IRA, Roth IRA, Rollover IRA, and many other specialized ones
Do you pay taxes on investments?
Generally yes, but there are several types of accounts & investments that are untaxed
Is gold an investment?
Yes, the price changes over time
Name the types of accounts that help build credit
Credit cards and loans