Principles of Investment — Unit test Answers

Henry is moving and needs to open a new checking account. He is trying to decide between three banks using the chart below:Bank XBank YBank ZNo monthly fees if balance stays above $500, otherwise $7 per monthNo monthly fees if check card is used less than 6 times per month$5 monthly feeNo minimum balance$25 minimum balanceNo minimum balanceOnline banking servicesOnline banking servicesOnline banking servicesNon-Bank X ATM fee - $2.00 per transactionNon-Bank Y ATM fee - $1.50 per transactionNon-Bank Z ATM fee - $2.00 per transactionHenry usually has about $300 in his account at any given time during the month. He limits his ATM visits to one per week and is interested in banking online options. Bank X and Bank Z have 5 ATMs within a 5 mile radius of Henry’s work and his new home. Which bank should he choose?a.Bank Xb.Bank Yc.Bank Zd.Bank X and Z

A couple has decided to increase their income from investments for when they retire in twenty years. Which is the best way they can accomplish that goal?

The images show what happened to two people who invested $1,000. Which investment advice would Gale most likely give to Alex?

The chart compares transportation options.

Which of these would require a significant but temporary budget revision?