Personal Finance Ch 4 Practice
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A regular savings account usually does NOT have:
A high rate of interest Overdraft protection A high balance requirement
Place the steps to writing check in rank order from first to last.
1. Record the date 2. Write the name of the person receiving the funds 3. Record the amount of the check in figures or numbers 4. Write the amount of the check in words 5. Sign the check 6. Note the reason for the payment
__________ is a process that calculates interest based on perviously earned interest.
Compounding
Share accounts are typically offered by (this is found Comparing Saving Plans):
Credit unions
Deposit institutions would not include:
brokerage firm would include*: commercial bank, credit union, mutual savings bank, savings and loan association
