Question

1. which represents the best time to start saving for your retirement? a. as soon as you have your first full - time job b. right after you pay off your student loans c. once you are debt - free, including paying off all credit cards, auto loans, and your mortgage d. at age 45, so you have exactly 20 years until retirement 9. which of the following has the primary purpose of enabling contactless transactions with businesses? a. money sharing apps like venmo and cashapp b. your banks app like wells fargo or ally bank c. a budgeting app like ynab d. a digital wallet like google pay or apple pay 10. experts recommend that you accumulate enough to cover 3 to 6 ____________ of expenses in your emergency fund. a. days b. weeks c. months d. years 11. which of these is a reason someone might choose to open an online savings account rather than a savings account at a traditional bank? a. online savings accounts are fdic insured to a higher limit b. online savings accounts typically pay higher interest rates on deposits c. online savings accounts are less likely to make you the victim of identity theft d. online savings accounts are created specifically for people under age 25

Explanation:

• For question 8: Starting to save for retirement as early as possible is ideal. Having a first - full - time job is a good start as compound interest can work over a long period.
• For question 9: Digital wallets like Google Pay or Apple Pay are designed for contactless transactions with businesses.
• For question 10: Experts generally recommend having 3 - 6 months of expenses in an emergency fund.
• For question 11: Online savings accounts often offer higher interest rates compared to traditional bank savings accounts.

Answer:

1. a. As soon as you have your first full - time job
2. d. A digital wallet like Google Pay or Apple Pay
3. c. Months
4. b. Online savings accounts typically pay higher interest rates on deposits