a. If the bank is FDIC-insured, your money, up to the FDIC limit, is safe even if the bab fails b. Many banks pay interest on the money you deposit into your savings account c. Historically, savings accounts earn higher returns than investments in the stock market d. Money in a checking account is usually easy to access via ATM, debit card or c All of the following are true about prepaid cards EXCEPT. __ a. Prepaid cards typically include a lot of fees b. Prepaid cards are a useful option for someone who is unbanked to mak purchases c. Prepaid cards are a great way to build credit d. Prepaid cards are usually accepted anywhere that debit and o accepted 6. You are developing a savings plan and using short medium-and motivate you Which represents possible goals from short-term to a. Retirement, a house down payment, coll b. A new cell phone, college tuition, a hous c. Anewcell phone, dinner with friends this d. Retirement college tuition, a vacation

Question

a. If the bank is FDIC-insured, your money, up to the FDIC limit, is safe even if the bab fails b. Many banks pay interest on the money you deposit into your savings account c. Historically, savings accounts earn higher returns than investments in the stock market d. Money in a checking account is usually easy to access via ATM, debit card or c All of the following are true about prepaid cards EXCEPT. __ a. Prepaid cards typically include a lot of fees b. Prepaid cards are a useful option for someone who is unbanked to mak purchases c. Prepaid cards are a great way to build credit d. Prepaid cards are usually accepted anywhere that debit and o accepted 6. You are developing a savings plan and using short medium-and motivate you Which represents possible goals from short-term to a. Retirement, a house down payment, coll b. A new cell phone, college tuition, a hous c. Anewcell phone, dinner with friends this d. Retirement college tuition, a vacation

Answer 1

## Step 1The first question is about the characteristics of prepaid cards. The options a, b, and d are generally true about prepaid cards. They usually include a lot of fees, they are a useful option for someone who is unbanked to make purchases, and they are usually accepted anywhere that debit and credit cards are accepted.## Step 2However, option c, which states that prepaid cards are a great way to build credit, is not true. Prepaid cards do not help in building credit because they do not involve borrowing money or paying it back.## Step 3The second question is about the possible goals from short-term to long-term in a savings plan. The options a, b, and d include goals that are not short-term, such as retirement, a house down payment, college tuition, and a vacation.## Step 4Option c, which includes a new cell phone, dinner with friends this week, and a vacation, represents possible goals from short-term to long-term in a savings plan. These goals are short-term and can be achieved within a short period of time.

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