Which of the following is a characteristic of the college savings plan?A.There is a limited enrollment period.B.It is administered only by states.C.It is not available in every state.D.There is an age limit.SUBMITarrow_backPREVIOUS

Which of the following is a characteristic of a savings account?a) Offers a higher interest rate than checking accounts. b) Provides unlimited transactions without fees. c) Allows you to write checks. d) Does not earn any interest.

Which action is an example of a short-term savings goal?A.Saving to buy a houseB.Saving to buy a new carC.Saving for a new smartphoneD.Saving for collegeSUBMITarrow_backPREVIOUS

Which of the following makes the Coverdell Education Savings Account unique?A.It offers few investment choices.B.Unused funds return to the account holder.C.It can be used only to pay for college tuition costs.D.It offers many investment choices.SUBMITarrow_backPREVIOUS

Which of the following is true of the 529 plan?A.It does not guarantee admission to college.B.You do not get taxed on money not used for college expenses.C.You can use it only for four-year colleges.D.Your chances of being admitted to college are higher if you have the plan.SUBMITarrow_backPREVIOUS

Which type of savings plan offers the least access to your money?A.Certificate of depositB.Money market accountC.Savings accountD.Checking accountSUBMITarrow_backPREVIOUS