chapter 10

34問 • 2年前

問題一覧

Need to expect to have in the next few months or years are said to be

Short term

______ involves an employer or financial institution electronically, depositing your paycheck into a bank account

Direct deposit

A form of educational funding that does not have to be repaid is often funded by the government and it is in addition to scholarships and loans is called an

Grant

Interest drown on the sum of the original principal plus interest is called _____ interest

Compound

Money that is paid for the use of money is called

Interest

A regular account at a credit union is called an ______ account

____ occurs when student loans are combined in into one large long

Loan consolidation

Deposits, kept credit unions are insured by the

NCUA

Federal insurance for depositer’s in commercial banks and savings and loans is provided by the

FDIC

The greater the _____ you are willing to take the higher, the rate of interest you will receive

Risk

A depositer that is set aside for specified length of time at a specified rate is called an

A type of savings plan that offer some more competitive interest rate than a regular savings account is called an

Money, marketing account

The capability of financial resources being readily converted to cash is called

Liquidity

The amount of money you place in savings called

Principal

Money borrowed for education called _____ Can be subsidized or unsubsidized

Student loans

The day on which certificate must be renewed or cashed in is called the

Maturity date

When I CD is cash before its maturity date did depositor must pay an ____ penalty

Early patral

Emergencies vacations, social events and major purchases are examples of short term needs

True

Cash allowances awarded to students to go to college called scholarships are based on knee or maybe based on high test scores

True

A sub sized student loan has higher interest rates and interest beginnings the day received a loan

False

Compound interest refers to interest, paid in principle and interest

True

Work study programs will replace your need for other sources of money for college funding

False

When choosing a financial institution in which to place your savings, you should consider safety, liquidity convenience and purpose

True

deposits in savings and loan associations and commercial banks are insured by the FDIC

True

If a depositer, withdrawals, part or all of a certificate of deposit before its maternal date there will be an early withdrawal penalty

True

Financial institutions can offer interest compounded daily, because of computers that make rapid computations possible

True

Some ways to make savings easier include direct deposit an automatic deductions

True

Which of the following is not an example of a long-term savings goal?

Automobile Purchase

Which of the following items is the most liquid?

Regular savings

A type of savings plan we’re by you set aside money at a financial institution for a set. Period is a.

certificate of deposit

Which of the following is not a benefit of direct deposit?

Your money earns more interest than in any other type of savings plan

Which of the following do banks usually offer?

All of these

The FDIC insures a depositer’s money up to

250,000

Of the following items which pays the highest total interest when deposits are withdrawn at in irregular times

Compounded daily

personal finance

personal finance

civics

civics

personal finance 2

personal finance 2

chapter 7

chapter 7

chapter 26

chapter 26

問題一覧

Need to expect to have in the next few months or years are said to be

Short term

______ involves an employer or financial institution electronically, depositing your paycheck into a bank account

Direct deposit

A form of educational funding that does not have to be repaid is often funded by the government and it is in addition to scholarships and loans is called an

Grant

Interest drown on the sum of the original principal plus interest is called _____ interest

Compound

Money that is paid for the use of money is called

Interest

A regular account at a credit union is called an ______ account

____ occurs when student loans are combined in into one large long

Loan consolidation

Deposits, kept credit unions are insured by the

NCUA

Federal insurance for depositer’s in commercial banks and savings and loans is provided by the

FDIC

The greater the _____ you are willing to take the higher, the rate of interest you will receive

Risk

A depositer that is set aside for specified length of time at a specified rate is called an

A type of savings plan that offer some more competitive interest rate than a regular savings account is called an

Money, marketing account

The capability of financial resources being readily converted to cash is called

Liquidity

The amount of money you place in savings called

Principal

Money borrowed for education called _____ Can be subsidized or unsubsidized

Student loans

The day on which certificate must be renewed or cashed in is called the

Maturity date

When I CD is cash before its maturity date did depositor must pay an ____ penalty

Early patral

Emergencies vacations, social events and major purchases are examples of short term needs

True

Cash allowances awarded to students to go to college called scholarships are based on knee or maybe based on high test scores

True

A sub sized student loan has higher interest rates and interest beginnings the day received a loan

False

Compound interest refers to interest, paid in principle and interest

True

Work study programs will replace your need for other sources of money for college funding

False

When choosing a financial institution in which to place your savings, you should consider safety, liquidity convenience and purpose

True

deposits in savings and loan associations and commercial banks are insured by the FDIC

True

If a depositer, withdrawals, part or all of a certificate of deposit before its maternal date there will be an early withdrawal penalty

True

Financial institutions can offer interest compounded daily, because of computers that make rapid computations possible

True

Some ways to make savings easier include direct deposit an automatic deductions

True

Which of the following is not an example of a long-term savings goal?

Automobile Purchase

Which of the following items is the most liquid?

Regular savings

A type of savings plan we’re by you set aside money at a financial institution for a set. Period is a.

certificate of deposit

Which of the following is not a benefit of direct deposit?

Your money earns more interest than in any other type of savings plan

Which of the following do banks usually offer?

All of these

The FDIC insures a depositer’s money up to

250,000

Of the following items which pays the highest total interest when deposits are withdrawn at in irregular times

Compounded daily