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
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.
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
4
Q
A