Exam 4: Financial Services: Savings Plans and Payment Account

Brandon lost his debit card.When he realized it was gone,his account had $238 in unauthorized charges.Since he was embarrassed about his loss,he didn't contact his financial institution for 45 days.What is the most that he is liable for?

Cathy needs a full range of financial services,including checking,savings,and lending.To which of the following should she go?

Common payment choices for everyday activities include all of the following except

Quentin wants his retail purchases to be deducted directly from his checking account.Which of the following tools should he use?

The text discusses several types of bonds.Which bond pays interest for 30 years that is exempt from state and local taxes?

A drawback of a regular savings account is

Which of the following primarily provides loans for home purchases?

A time deposit is also known as

The "safety" concern with banks and credit unions refers to the potential loss of money due to investors' bad spending habits.

The only question you should ask yourself when selecting a financial service provider is "Where can I get the best return on my savings? "

Which of the following is correct?

Zach wants to open an account,but he doesn't know which kind is appropriate.He is interested in earning a higher interest rate and knows that he might not be able to write many checks from his account.In addition,he plans to keep at least $1,000 in his account so he can avoid paying a fee.He definitely wants to have federal deposit insurance.What kind of account should he open?

A loan from a pawnshop will be more expensive than one from a bank.

All of the following are deposit institutions except

A credit card is a type of

A certificate of deposit that has different interest levels based on the stock market performance is called a

Preston never opened his bank statements,so he was surprised to see that he received a service charge that exceeded the interest he earned for the month.What kind of account does Preston have?

Nicholas earned 10% in his savings account.If he is in the 28% tax bracket,what is his after-tax savings rate of return?

Compare and contrast a money market fund and a money market account.

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