1)Which of the following is not included in the dependent life stage?

a)Certificate of deposit

b)College savings plan

c)Student loans

d)Savings account

2)When opening a savings account it is important to consider

a) APY.

b)minimum balance.

c) fees.

d) all of the options are correct.

3)Banks are required by law to send you a statement regarding your checking account.

a) True

b) False

4)To choose the right type of financial instrument, which of the following should you consider?

a)Fees

b) Locations and hours

c) Interest rates

d) All of the options are correct.

5) Which of the following are reasons for putting money into a CD (certificate of deposit)?

a)To earn a higher rate of interest on your savings than would typically be earned if savings were placed in one's checking account or standard savings account

b) To establish a solid savings foundation if you are not going to use the money for a longer period of time

c) To have a safe place to store savings while still being able to make frequent withdrawals from the account penalty-free

d) Both to earn more interest and to put money you don't plan to use in the short-term to work