Test Flashcards
Savings accounts typically offer more interest than what type of account
Checking account
Which of the following statements about savings accounts is false
Savings accounts allow an unlimited number of withdrawals each month
What should you do before you withdraw money from the atm
Inspect the atm to make sure it wasn’t tampered with
Which if the following is not a common feature of a financial institution
Access to investment products
Which of the following is not a common feature of a financial institution
Investment trading
What should you do before you use an atm
Inspect the atm and it’s surroundings to make sure it’s safe to use
Which type of bank account is best for everyday transactions
Checking account
If there is an issue with your bank statement or account balance who should you contact to resolve the issue
Your bank
Which savings account will earn you the most money
One that compounds internet daily
Which statement is true
If there is a mistake on your bank account you should contact your financial institution immediately
Which of the following statements about check cashing companies is false
They charge low fees
How would you reconcile your bank account to avoid spending more than you have
Compare your own records of your spending with your financial institutions records
Which of the following statements about stocks is true
A stock is a share of ownership in a company
A mutual fund is
A type of investment that invests in a mix of different types of investments
A ________ is a share of ownership in a company
Stock
Why is it important to reconcile your bank statements
All the above
How can you avoid spending more than what is in your bank account
Keep your own records to compare with your financial institutions records
Which of the following statements about savings accounts is false
Savings accounts don’t usually require a minimum balance to avoid paying a fee
Which of the following statements about check cashing companies is true
They charge high fees
Which of the following statements about savings accounts is false
Savings accounts don’t usually pay interest on the money don’t deposit
Which of the following statements about investing is false
Investing is guaranteed way to grow your money
Which statement about investing is true
Investing is risked than putting money in a savings account
A stock is
A share of ownership in a company
If there is a mistake with one of your bank accounts who should you contact to resolve the issue
Your financial institution
