7. Which is the best way to avoid overdraft fees? * 5 points Keep a minimum balance of $1000 Use credit cards instead Monitor account balance regularly Change banks monthly 8. What distinguishes a savings account from a checking account? * 5 points It earns interest and is meant for storing money It provides unlimited withdrawals It comes with a debit card It has higher fees 9. What does stock ownership represent? * 5 points A loan to a company Guaranteed annual returns Employment contract Partial ownership in a corporation 10. What is diversification in investing? * 5 points Buying only tech stocks Spreading investments across different companies Investing in a single company Focusing on one industry 11. How do dividends work? * 5 points They are guaranteed payments from the investment company you work with They are portions of company profit shared with stockholders They are fees paid to stock brokers They are loan repayments from companies who have borrowed money 12. What is the difference between federal and private student loans? * 5 points Private loans have lower interest rates Federal loans are only for graduate students Federal loans typically offer better benefits and terms Private loans are always forgiven after 10 years of repayment 13. What is a capital gain? * 5 points The profit from selling stock at a higher price than purchase Initial investment amount Monthly dividend payment Company assets 14. Which statement about bonds is correct? * 5 points They represen