stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Chapter 5 Vocab Practice Flashcards | StudBud
Explore
/
Financial Literacy Chapter 5 Vocab Practice
What is a money order?
What is a bounced check?
Financial Literacy Chapter 5 Vocab Practice
15 terms
·
StudBud Administration
Imported from external platform
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
What is a bounced check?
A formula to estimate investment doubling time.
A check that fails because of insufficient funds.
A low risk interest earning government bond.
A savings account with higher interest rates.
2
What is a money order?
A bank issued guaranteed check.
A prepaid secure payment method.
The interest rate banks pay to the Fed.
A request to cancel a check before its processed.
3
What is a certificate of deposit?
A fixed term savings account with interest.
A signature on a check which allows its transfer.
The original amount of money that is invested or borrowed.
Interest on the principal and also past interest.
4
What is a principal?
Interest on the principal and also past interest.
A fixed term savings account with interest.
The original amount of money that is invested or borrowed.
A signature on a check which allows its transfer.
5
What is a US savings bond?
A low risk interest earning government bond.
A check that fails because of insufficient funds.
A formula to estimate investment doubling time.
A savings account with higher interest rates.
6
What is a money market account?
A low risk interest earning government bond.
A check that fails because of insufficient funds.
A savings account with higher interest rates.
A formula to estimate investment doubling time.
7
What is a stop payment?
The interest rate banks pay to the Fed.
A request to cancel a check before its processed.
A bank issued guaranteed check.
A prepaid secure payment method.
8
What is a discount rate?
A prepaid secure payment method.
A bank issued guaranteed check.
A request to cancel a check before its processed.
The interest rate banks pay to the Fed.
9
What is a fiscal policy?
The best interest actions controlling money supply.
Central bank actions controlling money supply.
Government spending and taxation decisions.
10
What is the Rule of 72?
A low risk interest earning government bond.
A savings account with higher interest rates.
A check that fails because of insufficient funds.
A formula to estimate investment doubling time.
11
What is a prime rate?
Government spending and taxation decisions.
The best interest actions controlling money supply.
Central bank actions controlling money supply.
12
What is a monetary policy?
The best interest actions controlling money supply.
Central bank actions controlling money supply.
Government spending and taxation decisions.
13
What is a compound interest?
A signature on a check which allows its transfer.
Interest on the principal and also past interest.
A fixed term savings account with interest.
The original amount of money that is invested or borrowed.
14
What is a cashier's check?
A prepaid secure payment method.
A request to cancel a check before its processed.
A bank issued guaranteed check.
The interest rate banks pay to the Fed.
15
What is an endorsement?
A signature on a check which allows its transfer.
A fixed term savings account with interest.
The original amount of money that is invested or borrowed.
Interest on the principal and also past interest.
