Exam 4: Managing Your Cash and Savings

Choose the word or phrase in [ ] which will correctly complete the statement. Select -[All | Some] banks must return canceled checks with the monthly statement although most are abandoning this practice.

Janice Sanders plans on saving $12,000 for 3 years until she returns to college for her master's degree in personal financial planning.She would like to receive a fixed rate of return over that period.Which of the following would you recommend?

From the bank's perspective,ATM transactions are more costly than on-line banking transactions.

Choose the word or phrase in [ ] which will correctly complete the statement. Select -It costs financial institutions more for their customers to perform [ATM transactions | Internet transactions.]

Choose the word or phrase in [ ] which will correctly complete the statement. Select -A bank customer would typically expect to receive higher interest rates on her [certificate of deposit | money market deposit account].

You can stop payment when you purchase an item with your debit card.

Choose the word or phrase in [ ] which will correctly complete the statement. Select -An asset management account is likely to require a minimum investment of at least [$1,000 | $5,000].

Savings banks are mainly found in the northeastern U.S.

There are numerous advantages and disadvantages of on-line bill payment systems.Which of the following is a potential advantage?

Low interest rates are helpful in

Which of the following accounts has special tax advantages under certain conditions when used to fund qualified college education expenses?

A check you wrote to buy shoes last week has not yet been processed by the bank.It is said to be

Choose the word or phrase in [ ] which will correctly complete the statement. Select -A bank customer would expect to be able to write checks on his regular checking account and on his [certificate of deposit | money market fund].