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Financial literacy Flashcards | StudBud

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_______ is the rate banks charge the most credit worhty customers

What is an endorsement?

Financial literacy

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Questions 7

Answers

1
What is an endorsement?
a signature or instructions written on the back of a check.
when the bank is told not to honor a check you wrote or lost.
the sum of money set aside on which interest is paid.
pays the market rate of interest on the money deposited.
2
_______ is the rate banks charge the most credit worhty customers
Prime rate
Not so good rate
Good rate
Discount rate
3
A bounced check is when a check takes more money than what you put on the check.
True
False
4
Compound interest and simple interest are the same things.
True
False
5
What is a stop payment?
the money comes from your checking accounts to pay the bank.
action of the Fed to influence money and credit conditions in the economy.
action taken by the federal government to manage the economy.
when the bank is told not to honor a check you wrote or lost.
6
The Rule of 72 - 72/Annual Interest = Years it will take to double your money.
False
True
7
Fiscal policy changes the...
Tax rate
Interest rate.