Financial literacy Quiz

compound interest helps your savings grow faster than simple interest

you do not have to pay taxes on money earned from investments

a budget helps you track your income and expenses

is a retirement savings plan often offered by employers

debit cards allow you to borrow money from the bank

inflation increase the purchasing power of money over time

paying only the minimum amount on your credit card bill helps you avoid interest charges

you can improve your credit score by making on-time payments and reducing debt

all banks accounts earn the same interest rate

the federal reserve sets credit card interest rates