Chapter 4: Managing your Cash and Savings
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Annual percentage yield (APY) | show 🗑
|
||||
| show | A nondepository financial institution that
helps its customers buy and sell financial
securities.
🗑
|
||||
| Cash management | show 🗑
|
||||
| Cash reserve | show 🗑
|
||||
| show | An account that pays a fixed rate of interest
on funds left on deposit for a stated period
of time.
🗑
|
||||
| Commercial bank | show 🗑
|
||||
| show | The frequency with which interest is calculated
and added to an account.
🗑
|
||||
| show | A nonprofit depository institution that is
owned by its depositors.
🗑
|
||||
| show | Deposit accounts, such as checking
accounts, from which money can be withdrawn
with little or no notice to the financial
institution.
🗑
|
||||
| show | Financial institutions that obtain funds
from customer deposits.
🗑
|
||||
| Discount bonds | show 🗑
|
||||
| Federal Deposit Insurance Corporation (FDIC) | show 🗑
|
||||
| show | A nondepository financial institution that
obtains funds from premiums paid for life
insurance, invests in stocks and bonds, and
makes mortgage loans.
🗑
|
||||
| show | For a CD, the date on which the depositor
can withdraw the invested amount and
receive the stated interest.
🗑
|
||||
| Money market mutual fund | show 🗑
|
||||
| show | A savings account which pays interest that
fluctuates with market rates on money
market securities.
🗑
|
||||
| show | A nondepository financial institution that
sells shares to investors and invests the
money in financial assets.
🗑
|
||||
| show | A savings institution that is owned by its
depositors.
🗑
|
||||
| show | Financial institutions that get funds from
sources other than deposits.
🗑
|
||||
| Negotiated order of withdrawal (NOW) account | show 🗑
|
||||
| Overdraft protection | show 🗑
|
||||
| show | A checking account that does not pay interest
and requires the payment of a monthly
service charge unless a minimum balance is
maintained in the account.
🗑
|
||||
| show | A method of calculating the time it will take
a sum of money to double that involves
dividing 72 by the rate of interest earned on
the funds.
🗑
|
||||
| Savings and loan (S&L)association | show 🗑
|
||||
| Stock-held savings institution | show 🗑
|
||||
| Stop payment order | show 🗑
|
||||
| show | A savings account from which the depositor
may not withdraw money, without penalty,
until after a certain amount of time has
passed.
🗑
|
||||
| show | Bonds issued by the U.S. Treasury that pay
interest that fluctuates with current Treasury
security rates and that are exempt from
state and local taxes.
🗑
|
||||
| Web-only financial institutions | show 🗑
|
||||
| show | Electronic transmittal of cash from an account
in another location. A wire transfer
requires payment of a fee.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
531742212
Popular Finance sets