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Which of the following is a common way to access your money if you have a checking account?
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
How much money would Matt have in 5 years if he deposited $100 into a savings account and his bank pays a 5% APY in simple interest on savings accounts (assuming he doesn't deposit or withdraw any money in that period)?
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
Which of the following typically insures credit unions in the United States?
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
Why is time value of money important to savers?
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
If you plan to use your money to pay expenses frequently, you will want to put it in a
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
How much money would Matt have in 5 years if he deposited $100 into a savings account and his bank pays a 5% APY in compound interest on savings accounts (assuming he doesn't deposit or withdraw any money in that period)?
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
The Federal Deposit Insurance Corporation (FDIC) was established
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
What is the principal amount of a savings account that will have $525 in it after it has accumulated simple interest of 1% APY for five years after it is created (assuming there are no additional deposits or withdrawals in that time period)?
$125
checking account.
$500
The National Credit Union Administration (NCUA)
$127.63
during the Great Depression as a way to build consumers' confidence in banks.
All of the above
It tells them that if they have an option to receive money now or later, then it is better to have the money now
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