Personal Finance Unit 2 Review

How much is the maximum about that the FDIC or NCUA will insure each account for?

You can't plan for all expenses, but you can save for emergencies.

What are some consequences of not keeping an accurate record of your checking account?

Mike has $4500 & is earning 2% interest. How many years will it take for his money to double?

Setting goals can help you find financial success.

All of the following are fees associated with banking except:

Opportunity cost is also known as a

Which type of account would you use when you have to pay monthly bills & you need quick access?

All of the following are services you can find at a financial institution except

Which of the following savings tools is the most liquid?

How can you access your money in a checking account?

If there is a limited supply of a good, and the demand is high, the prices will increase.

All of the following are benefits of using a checking account except:

Which of the following is the least liquid?

Sally has $2500 saved for college in 2 years. Which savings tool would benefit her the most?

A certificate of deposit (CD) is an interest-earning account.

A mortgage is an interest-earning account.

A credit card is an interest-bearing account.

You will gain a large profit from the interest on your savings account.

A money market account is an interest-bearing account.