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Chapter 5.3 Banking Flashcards | StudBud
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Chapter 5.3 Banking
Chapter 5.3 Banking
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1
Which of the following offers tax advantages if use for education purposes?
money market account
savings bond
CD
savings account
2
A service that covers a shortage in your account
Stop payment
Overdraft protection
Help
Debit card
3
A type of check used to pay bills or make payments for which the money is guaranteed
stop payment
money order
cashier's check
overdraft protection
4
a check is bounced because of
assets
monthly fees
nonsufficient funds
debit card
5
How long will most savings bonds earn interest?
10 years
20 years
30 years
1 year
6
Compound Interest: $100 at 5% Interest for 3 years.
105.52
105
115.77
115
7
A card that carries an electronic balance is called a(n)
smart card
Check book
debit card
credit card
8
A secure container located in a bank vault
Safety
Safe
Fire Box
Safe Deposit box
9
a check against bank funds
stop payment
cashier's check
cash
money order
10
Managing your account online
internet banking
debit card
relationship banking
banking
11
Debit cards carry all the same protections provided with credit cards
False
True
12
An instruction to the bank not to honor a check that has been issued or lost
cashier's check
stop payment
money order
start payment
13
The coolest Teacher at WHS
Irvine
Folsom
Freeze
Schafer
