Exam 4: Managing Your Cash and Savings

Alice lost her ATM card at the lake and reported it missing the next day.She found that $800 had been withdrawn from her savings account.The most Alice will be legally liable for is

(Multiple Choice)

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Question 41

Terry started saving $50 a month at age 25 in an account earning 6% compounded monthly.At age 40 she would have ____ in this account.(Use time value tables or financial calculator)

(Multiple Choice)

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Question 42

Low interest rates have increased the supply of credit.

(True/False)

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Question 43

You have $900 in your checking account when your ATM card and PIN are stolen.You could lose up to ____ if you report the lost ATM card within 60 business days.

(Multiple Choice)

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Question 44

The most important rule for establishing a savings plan is to

(Multiple Choice)

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Question 45

As of 2012,the FDIC insures depositor's funds up to $250,000 at member banks.

(True/False)

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(80)

Question 46

Which of the following would be an appropriate savings vehicle if you expected interest rates to fall over the next few months?

(Multiple Choice)

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Question 47

Whenever you write a check or make a deposit,an entry should be made on your

(Multiple Choice)

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Question 48

Choose the word or phrase in [ ] which will correctly complete the statement. Select -You are planning to deposit $5,000 in a bank.At the end of one year,you will have more money in this account if interest is compounded [semiannually | quarterly].

(Multiple Choice)

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Question 49

A stop payment results in an absolute promise by the bank not to pay the indicated check.

(True/False)

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Question 50

The Annual Percentage Yield is the same as the

(Multiple Choice)

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(82)

Question 51

The interest on your Series EE savings bonds

(Multiple Choice)

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(79)

Question 52

The rate of return on a Series EE savings bond changes semiannually.

(True/False)

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Question 53

Christina works at a company that offers direct deposit of her paycheck.This service is called

(Multiple Choice)

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Question 54

The nominal rate of interest will be lower than the effective rate of interest when an account compounds monthly.

(True/False)

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(80)

Question 55

Gordon and Susan have a regular savings plan and have accumulated $8,000.How much will this be worth in 10 years if they can earn 2% on the money.They are not planning to add to this savings account.

(Essay)

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(82)

Question 56

S&Ls represent the largest segment of the financial institutions industry.

(True/False)

5.0/5

(91)

Question 57

Savings and loan associations usually offer non-interest bearing checking accounts.

(True/False)

4.8/5

(79)

Question 58

EFTS allow you to make payments that occur on a regular basis.

(True/False)

4.7/5

(84)

Question 59

The key to a successful savings program is to save regularly.

(True/False)

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(77)

Question 60

Showing 41 - 60 of 193

Alice lost her ATM card at the lake and reported it missing the next day.She found that $800 had been withdrawn from her savings account.The most Alice will be legally liable for is

Terry started saving $50 a month at age 25 in an account earning 6% compounded monthly.At age 40 she would have ____ in this account.(Use time value tables or financial calculator)

Low interest rates have increased the supply of credit.

You have $900 in your checking account when your ATM card and PIN are stolen.You could lose up to ____ if you report the lost ATM card within 60 business days.

The most important rule for establishing a savings plan is to

As of 2012,the FDIC insures depositor's funds up to $250,000 at member banks.

Which of the following would be an appropriate savings vehicle if you expected interest rates to fall over the next few months?

Whenever you write a check or make a deposit,an entry should be made on your

Choose the word or phrase in [ ] which will correctly complete the statement. Select -You are planning to deposit $5,000 in a bank.At the end of one year,you will have more money in this account if interest is compounded [semiannually | quarterly].

A stop payment results in an absolute promise by the bank not to pay the indicated check.

The Annual Percentage Yield is the same as the

The interest on your Series EE savings bonds

The rate of return on a Series EE savings bond changes semiannually.

Christina works at a company that offers direct deposit of her paycheck.This service is called

The nominal rate of interest will be lower than the effective rate of interest when an account compounds monthly.

Gordon and Susan have a regular savings plan and have accumulated $8,000.How much will this be worth in 10 years if they can earn 2% on the money.They are not planning to add to this savings account.

S&Ls represent the largest segment of the financial institutions industry.

Savings and loan associations usually offer non-interest bearing checking accounts.

EFTS allow you to make payments that occur on a regular basis.

The key to a successful savings program is to save regularly.

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

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