Which of the following typically insures credit unions in the United States?
Why is using a bank, or a similar organization, a better choice than a check-cashing store or payday loan store most of the time?
The Federal Deposit Insurance Corporation (FDIC) was established
Which of the following is NOT a benefit of putting your money in a savings account?
What is a problem with putting your money in a money market account?
If you plan to use your money to pay expenses frequently, you will want to put it in a
Which of the following is a common way to access your money if you have a checking account?
Which of the following is TRUE of NOT having a bank account?
Why is filling out a signature card with a bank important?
These are bank employees that help customers manage their money on a day-to-day basis
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)?
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)?
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)?
If Susan deposited $1000 in an account that earns 6% APY in compound interest, how long would it take to double her money?
Why is time value of money important to savers?
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