Question 1

List three cash management resources that are used to electronically transfer money.

Accepted Answer

An automated teller machine (ATM)or cash

Question 2

What is the name of an investment company that raises funds from investors,pools the money,and invests in stocks or bonds?

Accepted Answer

A) Stockbrokerage firm 
B) Bond brokerage firm 
C) Mutual fund firm 
D) Securities fund firm 
A) Stockbrokerage firm 
B) Bond brokerage firm 
C) Mutual fund firm 
D) Securities fund firm

Question 3

With online banking,you are able to access your accounts and conduct business transactions through the Internet,your mobile phone,and devices.

Accepted Answer

A) True 
 B)False

Question 4

For a consumer who does not have a checking account a prepaid debit card is a means of paying for goods and services.

Accepted Answer

A) True 
 B)False

Question 5

What are short-term notes of debt issued by the federal government commonly called?

Accepted Answer

A) T-Bills 
B) T-Notes 
C) T-Bonds 
D) T-Accounts 
A) T-Bills 
B) T-Notes 
C) T-Bonds 
D) T-Accounts

Question 6

List five features available through online and mobile banking.

Accepted Answer

1.Access your accounts at any time of da

Question 7

The APY can never be the same as the APR.

Accepted Answer

A) True 
 B)False

Question 8

What is involved with proper cash management?

Accepted Answer

Nothing happens without a plan.You need

Question 9

Which of the following is not a liquid asset?

Accepted Answer

A) Checking accounts 
B) CDs 
C) Credit cards 
D) Money market funds 
A) Checking accounts 
B) CDs 
C) Credit cards 
D) Money market funds

Question 10

Which of the following financial institutions is a not-for-profit organization that is open only to members of that institution and tends to offer more favorable interest rates to borrowers and savers?

Accepted Answer

A) Savings bank 
B) Commercial bank 
C) Savings and loan association 
D) Credit union 
E) None of the above are correct. 
A) Savings bank 
B) Commercial bank 
C) Savings and loan association 
D) Credit union 
E) None of the above are correct.

Question 11

T-bills are extremely safe investments,having been issued by the federal government.

Accepted Answer

A) True 
 B)False

Question 12

What is the importance of the APY?

Accepted Answer

Understanding the impact of compounding

Question 13

What recommendations would you give Christopher about his goal of buying a house in five years?

Accepted Answer

A) You don't have enough income to consider buying a house. 
B) You need to develop a savings plan. 
C) You need to estimate what a down payment would be. 
D) You should switch to a Savings and Loan Association. 
E) Both B and C are good answers. 
A) You don't have enough income to consider buying a house. 
B) You need to develop a savings plan. 
C) You need to estimate what a down payment would be. 
D) You should switch to a Savings and Loan Association. 
E) Both B and C are good answers.

Question 14

Credit unions and Internet-only banks typically offer more attractive interest rates to both borrowers and savers.

Accepted Answer

A) True 
 B)False

Question 15

Money market mutual funds provide attractive competition for bank deposits because

Accepted Answer

A) their low fees are affordable for almost anyone. 
B) they are convenient to purchase and use. 
C) their short term,higher returns are generally regarded as practically risk-free. 
D) they are fully insured. 
E) None of the above are correct. 
A) their low fees are affordable for almost anyone. 
B) they are convenient to purchase and use. 
C) their short term,higher returns are generally regarded as practically risk-free. 
D) they are fully insured. 
E) None of the above are correct.

Question 16

Which of the following is an advantage of online and mobile banking?

Accepted Answer

A) The potential for subpar customer service 
B) Accessibility to and management of your accounts 
C) Minimal start-up time to establish access 
D) Only operational during business hours 
A) The potential for subpar customer service 
B) Accessibility to and management of your accounts 
C) Minimal start-up time to establish access 
D) Only operational during business hours

Question 17

Christopher would like to have $20,000 for a house down payment seven years from now.How much money would he need to save every quarter in an investment that pays 9% APR compounded quarterly?

Accepted Answer

A) $2,173.81 
B) $171.78 
C) $520.51 
D) $509.05 
A) $2,173.81 
B) $171.78 
C) $520.51 
D) $509.05

Question 18

A debit card,also known as a memory card,can hold ID information,insurance information,and medical history.

Accepted Answer

A) True 
 B)False

Question 19

Stockbrokers have not introduced cash management tools basically entering into direct competition with traditional banks.

Accepted Answer

A) True 
 B)False

Question 20

Describe the disadvantages of online and mobile banking.

Accepted Answer

Disadvantages of Online and Mobile Banki

List three cash management resources that are used to electronically transfer money.

What is the name of an investment company that raises funds from investors,pools the money,and invests in stocks or bonds?

With online banking,you are able to access your accounts and conduct business transactions through the Internet,your mobile phone,and devices.

For a consumer who does not have a checking account a prepaid debit card is a means of paying for goods and services.

What are short-term notes of debt issued by the federal government commonly called?

List five features available through online and mobile banking.

The APY can never be the same as the APR.

What is involved with proper cash management?

Which of the following is not a liquid asset?

Which of the following financial institutions is a not-for-profit organization that is open only to members of that institution and tends to offer more favorable interest rates to borrowers and savers?

T-bills are extremely safe investments,having been issued by the federal government.

What is the importance of the APY?

What recommendations would you give Christopher about his goal of buying a house in five years?

Credit unions and Internet-only banks typically offer more attractive interest rates to both borrowers and savers.

Money market mutual funds provide attractive competition for bank deposits because

Which of the following is an advantage of online and mobile banking?

Christopher would like to have $20,000 for a house down payment seven years from now.How much money would he need to save every quarter in an investment that pays 9% APR compounded quarterly?

A debit card,also known as a memory card,can hold ID information,insurance information,and medical history.

Stockbrokers have not introduced cash management tools basically entering into direct competition with traditional banks.

Describe the disadvantages of online and mobile banking.

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Using Credit Cards: the Role of Open Credit

Student and Consumer Loans: the Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: an Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Financial Life Eventsfitting the Pieces Together

Filters

Exam 5: Cash or Liquid Asset Management

List three cash management resources that are used to electronically transfer money.

What is the name of an investment company that raises funds from investors,pools the money,and invests in stocks or bonds?

With online banking,you are able to access your accounts and conduct business transactions through the Internet,your mobile phone,and devices.

For a consumer who does not have a checking account a prepaid debit card is a means of paying for goods and services.

What are short-term notes of debt issued by the federal government commonly called?

List five features available through online and mobile banking.

The APY can never be the same as the APR.

What is involved with proper cash management?

Which of the following is not a liquid asset?

Which of the following financial institutions is a not-for-profit organization that is open only to members of that institution and tends to offer more favorable interest rates to borrowers and savers?

T-bills are extremely safe investments,having been issued by the federal government.

What is the importance of the APY?

What recommendations would you give Christopher about his goal of buying a house in five years?

Credit unions and Internet-only banks typically offer more attractive interest rates to both borrowers and savers.

Money market mutual funds provide attractive competition for bank deposits because

Which of the following is an advantage of online and mobile banking?

Christopher would like to have $20,000 for a house down payment seven years from now.How much money would he need to save every quarter in an investment that pays 9% APR compounded quarterly?

A debit card,also known as a memory card,can hold ID information,insurance information,and medical history.

Stockbrokers have not introduced cash management tools basically entering into direct competition with traditional banks.

Describe the disadvantages of online and mobile banking.

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Using Credit Cards: the Role of Open Credit

Student and Consumer Loans: the Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: an Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Financial Life Eventsfitting the Pieces Together

Filters