ch 4 pf

Which of the following refers to the opportunity to withdraw your money on short notice without incurring a loss in value?

Liquidity

Another name for a regular savings account is a

Passbook or statement account.

The text discusses several types of bonds. Which bond pays interest for 30 years that is exempt from state and local taxes?

Series EE bonds

Common payment choices for everyday activities include all of the following except

Short term loan

All of the following are non-deposit institutions except

a finance company

ATM stands for

automatic teller machine

When you select a financial services provider, you may find all of the following to be major factors except

company logo

Investments, insurance, and tax assistance are tools for financial planning and are also known as

financial services

A credit card is a type of

loan, borrowing

A time deposit is also known as

savings account

The insurance coverage provided by the FDIC for a savings account is ________ per depositor per insured financial institution.

$250,000

If you want to buy a relatively large quantity of U.S. savings bonds, you may purchase them through

A TreasuryDirect account.

Which of the following offers a full range of financial services including checking, savings, lending, and other services?

A payday loan company

In general, which fees have doubled or tripled in price at some financial institutions for checking accounts?

All of these fees have increased.

Earning interest on previously earned interest is called

Compounding