Banking Management Post-Test Review Flashcards

1
Q

Which of the following accounts does NOT earn interest?
-Checking Account
-Savings Account
-CD
-None of the above

A

Checking Account

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2
Q

What’s the #1 reason to keep your money in an insured financial institution?
-You’ll have access to seed accounts.
-You can start pillar saving.
-Your transactions won’t be limited.
-Your money will be safe.

A

Your money will be safe.

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3
Q

What does APY stand for?
-Average Paying Year
-Account Permitted for Youth
-Annual Percentage Yield
-Automatic Payout Y-Axis

A

Annual Percentage Yeild

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4
Q
A
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