Which of these is a characteristic of certificates of deposit (CDs)?
They last for a set period of time.
In which situation would a savings bond be the best investment to earn interest?
saving for home remodeling in six years
What is one benefit of purchasing saving bonds?
no Saving bonds are long term investments created to help first time home buyers obtain a mortgage.
Where do banks get money to lend to borrowers?
depositors
This is a table that could be used to maintain a record of account transactions. It is similar to what is found in a checkbook ledger. Some of its column headings are missing. How should these columns be labeled?
no Description, Check Number, Balance
Which of these is the best reason for Nina to maintain up-to-date and accurate records of her bank accounts?
to know how much money she has for budgeting
What is the best reason for Jacinta to have a savings account in addition to a checking account?
no A savings account protects her money from overdraft fees.
Why is a bank a safe place to put money?
The Federal Deposit Insurance Corporation (FDIC) insures depositors' money.
Many checking accounts offer multiple ways of accessing money in addition to checks. Which of these can be used to access money in a checking account?
debit card
When Seb reconciles his accounts, what is the first step he should take?
Confirm his records are accurate and include all transactions.