Which of the following is a deposit institution?

Which of the following is a deposit institution?

Which of the following is a deposit institution? A. A life insurance company B. An investment company C. A credit union D. Amortgage company A certificate of deposit usually has: A. high interest-rate risk. B. low safety for savers. C. limited liquidity.D. a variable rate of return. An account at a commercial bank designed for people whowant to earn a higher savings rate is a(n) account. A. regular savings account B. regular checking C. share draft D. money market account Based on the following information, what amount would besubtracted from the bank balance side of a checking accountreconciliation? Service charge $12, Outstanding checks $145,Interest $3.50, Deposit in transit $80 A. $145 B. $12 C. $157 D. $148. 50 Which of the following is a disadvantage of usingcredit? A. The use of credit can allow you receive advancenotice of sales. B. The use of credit can lead to overspending.C. The use of credit allows forthe purchase of goods even when funds are low. D. The use of credit can allow for the easier return ofmerchandise. Kathy purchased a $2,000 digital TV from YoungsAppliances. She will make 12 equal payments over the next year topay for it. She is using: A. closed-end credit.B. open-end credit. C. revolving check credit. D. a line of credit. Jake Skinner purchases a big screen TV on credit andwill repay the loan with one payment at the end of 90 days. Whattype of credit did Jake use? A. Installment sales credit B. Installment cash credit C. Single lump sum creditD. Revolving credit If your monthly net (after-tax) income is $1,500, whatshould be your maximum amount spent on credit payments? A. $200 B. $300 C. $400 D. $500 Debt-to-equity ratio is: A. calculated by dividing total liabilities by networth. B. calculated by dividingmonthly debt payments by net monthly income. C. determined by dividing your assets by liabilities. D. rarely used by creditors in determining creditworthiness. Which of the following is NOT a source that providesdata to credit bureaus? A. Banks B. Finance companies C. Merchants D. Internal Revenue Service


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