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An advantage credit unions may have over other financial institutions is:


A) interest-bearing checking accounts.
B) lower loan rates.
C) flexible-rate loans.
D) credit cards.
E) variable-rate savings plans.

Correct Answer

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A restrictive endorsement on a check to be deposited consists of the words "for deposit only."

Correct Answer

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The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution.Suzanne has $520,000 in a joint account with her husband,Ted.How much is not covered by FDIC insurance?


A) $20,000
B) $260,000
C) $520,000
D) $250,000
E) $0

Correct Answer

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