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These are bank employees that help customers manage their money on a day-to-day basis
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
What is a problem with putting your money in a money market account?
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
Why is filling out a signature card with a bank important?
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
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)?
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
Which of the following is TRUE of NOT having a bank account?
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
Why is time value of money important to savers?
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
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)?
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
Which of the following is a common way to access your money if you have a checking account?
Tellers
It is much harder to pay your monthly bills.
$500
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
It helps prove your identity.
$127.63
All of the above
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