SAVINGS Flashcards

1

Liabilities could be:

Car loans
Credit card debt
All of the above
Mortgages

2

You could pay bills using a:

None of the above
Certificate of Deposit
Savings Bonds
Checking Account

3

Automatically depositing a paycheck into a bank account is called:

Automatic payments
Using a credit card
Direct deposits
None of the ABove

4

Terms of a certificate of deposit refer to:

The weather
Time periods
Inflation
FDIC

5

Money available in a bank account is:

None of the above
Earning interest
Writing checks
The balance

6

Minimum balance is an example of a:

fixed period of time
none of the above
restriction to avoid a fee
interest rate

7

Tax free interest can be earned using:

None of the above
Certificates of deposit
Checking accounts
Savings bonds

8

FDIC is when the federal government:

none of the above
raises interest rates
insures bank accounts
lowers taxes

9

Easy deposit and withdraw is a positive option of:

U.S. Savings bonds
Passbook savings
All of the above
certificates of deposit

10

An asset is:

Property that has value
A computer program
An address
Owing someone else money

11

A fixed period of time is called a:

present
none of the above
interest rate
term

12

Automatically paying bills from your bank account is called:

Using an ATM
Automatic payments
Direct deposit
Using a credit card

13

Net Worth is:

Assets minus Liabilities
Liabilities only
None of the above
Assets only

14

Investing money for a fixed period of time is a feature of:

All of the above
Certificates of deposit
Money markets
Passbook savings

15

Liquidity is the ability to:

Use checking accounts
Get loans
Turn assets into cash
Drink water

SAVINGS

Questions 15

SAVINGS

Questions 15