Checking and Savings Account Comparison - Chapter 5 (1)

Your friend Binna has a money market mutual fund​ account, automatic deposit of her paycheck into an​ interest-bearing checking account at the company credit​ union, and a CD from the local branch of a bank that advertises​ "coast-to-coast" banking. What is the benefit of​ "mixing and​ matching" financial institutions and their​ services?       Question content area bottom Part 1 What is the benefit of​ "mixing and​ matching" financial institutions and their​ services?  ​(Choose all that​ apply.)     A. Increasing the flexibility of managing funds.   B. Increasing risk due to increased investments.   C. Minimizing service charges and other fees.   D. Maximizing the returns and features from combined accounts.

Where should you go to set up a new bank feed or link to a bank account in a client's QuickBooks Online company?   A. Expenses Center B. Accounting Center C. Sales Center D. Banking Center

Match up the following statements and answers. An answer may be used more than once. Whose liabilities are bank notes held by the general public? Choose... Whose assets are reserves with the central bank? Choose... For households a home mortgage is a Choose... for commercial banks a home mortgage is a Choose... for commercial banks a deposit held by the general public Choose... is a for a corporation a bank loan is a Choose... an example of a household's tangible assets is a Choose... if I borrow money using my house as collateral this is a v Choose... mortgage, an asset of a commercial bank the central bank liability house asset mortgage, a liability of a commercial bank commercial banks

Say you were hired to do marketing for a bank. You are expected to market the great interest rates for loans and savings account. When marketing a loan would it be more appealing to advertise the APR or APY?    Pt 2 Say you were hired to do marketing for a bank. You are expected to market the great interest rates for loans and savings account. When marketing a saving account would it be more appealing to advertise the APR or APY? P3 A student puts $10,000 in a savings account that pays 16% annual interest, compounded annually. How much money will the student have at the end of 5 years?  How much interest will the student have earned in 5 years? What is the effective yield (APY)? Ending Value: $ (round to the nearest cents) Interest: $ (round to the nearest cents) APY:  (written as a decimal, round to the second decimal place)

Prepare a service blueprint for each of these banking transactions: Make a savings deposit using a teller. Apply for a home equity loan.

Based on the information above which of the following types of bank is the best fit for Billy? Explain your choice using what you know about the advantages of different types of financial institutions. Identify at least 2 advantages of the type of bank you chose and explain why Billy would benefit from them.

Subject: accounting

A. Read each sentence carefully and determine whether the statement is true or false. (Please refer to the picture.)

Even before you use a new credit card, what information is the institution that issued your card required by law to disclose? o The rate of interest and method used to compute finance charges o The rate of interest and estimated dollar amount of finance charges o The method used to compute finance charges and estimated dollar amount of finance charges The interest rate on cash advances is generally The most common method that banks and retail credit card issuers use to compute finance charges is the average daily balance (ADB) method. You expect to actively use your card. Which variation of the ADB method will be least expensive for you? O ADB excluding new purchases O ADB including new purchases It doesn't matter Consider the following case: On June 1, Crystal's credit card has a balance of $5,626.25. According to the terms of the card's lending agreement, an interest rate of 20% per year is assessed and the monthly finance charges are calculated using the Average Daily Balance (ADB)…

Personal Financial Statement Project For the Personal Financial Statement Project: 1. Record the events on the next page in the accompanying formula worksheet 2. Write out the journal entries for the events on the next page 3. Create the financial statements with the ending information from the worksheet 4. Once you have your Financial Statements completed, please make a comment or two in the online text input box about what the information is telling you Event List 1. Opened a bank account with previously earned (retained earnings) money for $100,000 2. Bought a house by paying $75,000 down in cash and taking a loan of $225,000 3. Bought a vehicle by paying $1,000 down in cash and taking a loan of $44,000 4. Worked (performed services) to clients for $80,000 cash 5. Paid for materials used (expense) in the services performed with cash for $50,000 6. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500 7. During the year, you paid $5,000…

prado chnical University, / Unit 3: Financial Mathematics / Learn: Cash and Bank Reconciliation nand Bank Reconciliation Questions + Question 5 Which of the following is an example of a book item, an item that is found on the bank statement that you have not recorded in the books yet? Bank service charge Cash deposits made at the bank last month Interest earned last year Taxable income I don't know One attempt You answered 3 out of 4 correctly. Asking up to 8. Submit answer Exit

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1. Describe the importance of a credit score for financial planning. 2. List the credit bureaus and list information that is contained in a person's credit report. 3. Review at least two sources of free credit reports, such as Credit Karma or any other site that you are familiar with. As described on one of these sites, name the factors that affect credit scores. 4. Propose a strategy that is expected to increase a person's credit score.

Which statement best describes the role of a credit agency? OIt tracks the use of credit for lenders. It predicts future earning potential for lenders. OIt teaches how to make smart financial decisions. OIt shows how saving money makes financial sense.