FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 4: Financial Services: Saving Plans and Payment Accounts

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

Multiple Choice

Review LaterAdd Note

Review Later

Given the information here, what should Jason's adjusted bank balance for his bank reconciliation be? • Bank balance: $\quad\quad \$ 300$ * Outstanding checks: $\$129$ * Deposit in transit: $\quad \$50$ * ATM Fees: $\quad\quad\quad \$ 26$ * Interest earned: $\quad\quad \$ 5$ * Checkbook balance: $\$ 242$

A) $113
B) $171
C) $221
D) $242
E) $300

Correct Answer

verified

Show Answer

Question 32

True/False

Review LaterAdd Note

Review Later

A commercial bank is the same thing as a credit union.

Correct Answer

verified

Show Answer

Question 33

Multiple Choice

Review LaterAdd Note

Gwen had three accounts as listed here. In 2014, how much was her total insurance coverage by the FDIC? • Bank A: $250,000 • Bank B: $50,000 • Bank C: $300,000

A demand deposit is also known as

Billy accepted a job at a company that specializes in providing money for short-term retail lending. Where did he go to work?

(p. 126-127 ) In general, which fees have doubled or tripled in price at some financial institutions for checking accounts?

As inflation rates increase, the interest rates offered to savers usually increase.

Aidan wants to be able to tap or wave his phone at the point-of-sale terminal sensor to complete purchases. Which of the following tools should he use?

Which of the following refers to the opportunity to withdraw your money on short notice without incurring a loss in value?

Shelby has an account at a financial institution that will waive the monthly fee if she keeps a certain amount in savings. What kind of account does she have?

Victor read the fine print for a checking account he was thinking about using. The fine print said, "A minimum balance of $500 is required. If your balance falls below this level, you will be assessed a monthly fee of $10." Since Victor was planning to keep only a $50 balance in his account, how much could he be charged each year?

A joint account with Sara and John allows

A credit card is a type of

Earnings on savings can be measured by the

Given the information here, what should Jason's adjusted checkbook balance be? * Bank balance: $\quad\quad\quad \$ 600$ * Outstanding checks: $\quad \$ 260$ * Deposit in transit: $\quad\quad \$ 100$ * ATMfees: $\quad\quad\quad\quad\quad \$ 50$ * Interest earned: $\quad\quad\quad \$ 10$ * Checkbook balance: $\quad \$ 480$

Zoe signed the back of her check with the words "for deposit only." She used a(n)

Opal earned 6% in her savings account. If she is in the 25% tax bracket, what is her after-tax savings rate of return?

Nicholas earned 8% in his savings account. If he is in the 28% tax bracket, what is his after-tax savings rate of return?

Margaret signed the back of her check with the words "pay to the order of Penelope." She used a(n)

Which of the following provides deposit insurance for credit unions?