If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points) 5. Which strategy for saving do you think would work best for you?
(2-4 sentences. 2.5 points) Bank of America 3. What type of bank risk would worry you the most as an account holder? How should the bank protect itself against that risk? (2-4 sentences.
Question 2 of 100 (2B5-LS53) Flag for Review A manufacturer with seasonal sales would be most likely to obtain which one of the following types of loans from a commercial bank to finance the need for a fixed amount of additional capital during the busy season? *Source: Retired ICMA CMA Exam Questions Insurance company term loan. Transaction loan. Unsecured short-term term loan. Installment loan.
Why? (3-6 sentences. 2.0 points) 4. If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why?
(3 sentences. 1.0 points) • 24/7 access to Online, Mobile1, and Text Banking2 • Text and Email Alerts3, plus $0 Liability Guarantee4 on fraudulent activity • Electronic funds transfer, and Bill Pay d. Does this bank or credit union offer online banking? (0.5 points) • Yes e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union.
First, if you choose to invest in a prepaid tuition savings plan, you the investor/donor “may purchase tuition credits or certificates on behalf of a designated beneficiary,” at today’s rates to be used in the future. Pre-paid tuition plans are sponsored by eligible educational institutions. The beneficiary is entitled to use the prepaid tuition credits for qualified higher education expenses. Second, you also have the option of investing your money in a state sponsored college savings plan. State sponsored college savings plans allow you to, “make contributions to an account which is established for the purpose of meeting the qualified higher education expenses of the designated beneficiary of the account.” College savings plans differ from pre-paid tuition plans in that the growth of the contributions is based on market performance of the primary investments, which
Name at least one of the steps in establishing credit. (0.5 points) Open a Bank account 2. Name at least one alternate option to establishing credit if you are unable to get a credit card yet. (0.5 points) Getting a department store or gas cards 3. What is debt services default?
E) both B and C of the above. Answer: A Topic: Chapter 2.1 Function of Financial Markets Question Status: Previous Edition 3) Which of the following can be described as involving direct finance? A) A corporation's stock is traded in an over-the-counter market. B) People buy shares in a mutual fund. C) A pension fund manager buys commercial paper in the secondary market.
Included with the statement was a credit memorandum of $185 indicating the collection of a note receivable for Fetter Company by the bank on October 25. This memorandum has not been recorded by Fetter. The company’s ledger showed one Cash account with a balance of $21,877.72. The balance included undeposited cash on hand. Because of the lack of internal controls, Allan took for personal use all of the undeposited receipts in excess of $3,795.51.
Decide how there can be improvements made toward your future planning and begin keeping track where your money is being spent and address small problems as they occur before they get out of hand. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? c. Late 20s through your 40s During these years many things occur that will effect your financial situation. This is one major reason for keeping track of where you spend money and preparing for any