When Opening a Savings Account It Is Important to Consider

question 12

Multiple Choice

When opening a savings account it is important to consider:

• A) APY
• B) Minimum balance
• C) Fees
• D) All of these

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Definitions:

British Pound

The currency of the United Kingdom, known officially as the pound sterling, and recognized by its symbol £.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's economic growth and balance of trade.

Imports

Goods and services bought by a country from another country.

Trade Deficit

The amount by which the value of a nation’s imports exceed the value of its exports.