You are watching: In which situation would a certificate of deposit (cd) be the best banking choice?
When Seb reconciles his accounts, what is the first step he need to take?Compare his records and also his statement. Study his statement to examine for errors. Confirm his documents are accurate and include every transactions.Check receipts to make certain all transaction amounts are correct.
Many checking accounts market multiple means of accessing money in addition to checks. Which of these have the right to be supplied to accessibility money in a check account?debit cardcredit cardcertificate the depositpassbook
Which of these is a properties of certificates of deposit (CDs)?They are always offered at variable rates.They last for a set duration of time.They deserve to be opened with any kind of amount that money.They allow accessibility to the money at any kind of time without penalty.
Which of these is the ideal reason because that Nina to keep up-to-date and also accurate records of her financial institution accounts?to decide which receipt to pay firstto determine exactly how much she needs to earnto protect against herself from making jae won mistakesto know just how much money she has for budgeting
Where do financial institutions get money to loan to borrowers?the bank\"s managementtheir shareholdersthe money markettheir depositors
In which instance would a certificate of deposit (CD) it is in the ideal banking choice?Samuel is setting money aside but still requirements emergency accessibility to it.Hafsa wants a guaranteed return, and also won\"t require the money for numerous years.Darren is searching for an invest that has a an extremely high attention rate.Raj is looking for an investment v a quick return so he have the right to reinvest.
Alex has not been maintaining his banking documents up come date. On his latest bank statement, he discovered that he had actually been charged an overdraft fee for writing a negative check. In enhancement to his gift charged a fee, which of this is another possible an effect of an overdraft?The financial institution will close his account.The vendor who obtained his check will be fee an overdraft fee. The bank will release his debit card. The merchant who obtained his inspect will suppose repayment and also a punish fee.
What is one benefit of purchasing conserving bonds?Saving bonds are purchased from the government and also guaranteed to boost in value.Saving bonds are purchased native commercial banks and also guaranteed to boost in value.Saving bonds are short term investments donate by the government to protect from loss.Saving bonds are long term investments developed to help very first time residence buyers attain a mortgage.
What is the best reason because that Jacinta to have a to save account in enhancement to a checking account?A save account protects her money from overdraft fees. A savings account insures her money under the FDIC.A to save account guards she money against inflation. A to save account keeps her savings different from she spending money.
In which case would a savings bond be the finest investment to knife interest?if you need access to her cash quicklyif you are conserving each month for a new carif friend are putting aside a chunk that money to acquisition a house in 5 yearsif you have actually a big amount the money to conserve at one time
Glenn and also Maggie very own a local chain of juice bars and also are spring to broaden in the coming year. They already have fifty shops, yet they know they will need a loan come reach your goal the one hundreds twenty 5 shops. Which kind of banking school is most suitable for Glenn and also Maggie\"s business?a credit uniona savings and loana advertising bankan invest bank
Look in ~ the table below showing an example of a checkbook ledger.According to the table, what is Omar\"s bank balance?$761.25$810.30$814.75$1,186.25
What does reconciling an account involve?checking one\"s financial records against the bank\"smaking sure a paycheck come on timecalculating the interest owed ~ above a to save accountidentifying instances of identification theft
Sara would like to open a bank account. What will certainly she have to do this? examine all the apply.identification cardhigh institution diplomamoney to begin the accountbirth certificateproof of address
Which of these is a disadvantage of bank with nationwide retail banks?They have small ATM networks.They charge fees for countless services.They market a small range that products and also services.They are situated primarily in and around cities.
What is a significant difference in between retail banks and also credit unions?Retail financial institutions only offer businesses, while credit unions just serve individuals.Retail banks operate in order to knife profit, while credit transaction unions room nonprofit.Retail financial institutions only have little local branches, while credit transaction unions are nationwide.Retail banks manage a person\"s money, while credit transaction unions emphasis on giving loans.
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Which of these is an benefit of checking accounts?Checking accounts stop the customer from having overdraft fees.Checking accounts allow convenient methods to deposit or retract funds.Checking accounts room processed instantly so customer and also bank records always match.Checking accounts offer minimal checks however offer greater rates that interest.
This is a table that could be supplied to maintain a document of account transactions. It is similar to what is discovered in a checkbook ledger. Several of its shaft headings space missing. Just how should these columns it is in labeled?Balance, Transaction Code, DescriptionCheck Number, Description, BalanceTransaction Code, Balance, NotesDescription, check Number, Balance