Answers to finance quiz!

1. No, you can not take your money out of a CD account at any time because this kind of account is meant for long term savings and is tied to a certain time frame, i.e. 12 months.

2. On average, you have to pay 19% interest on a credit card.

3. B: 4% is a better rate for a savings account.

4. Acorns is a great app that helps you save money.

5. Job applications are a safe place to put down your social security number. Online shopping and other online websites aren’t a secure place to put your information because it could be a scam and you should never tell others your social security number.
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