Unit 4-Other Financial Services Part #2: Question Preview (ID: 12535)

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11 1/2 % written as a decimal is
a) 11.5
b) 1.15
c) .115
d) 11.1/5

Simple Interest- $1000 at 10% for 1 year. What is the interest earned?
a) 100
b) 10
c) 110
d) None of the above

What does EFT stand for
a) Electronic funds transfers
b) Electronic fee teller
c) Elastic fee transfer
d) Efficient funds teller

You should write your PIN on your ATM/Debit Card
a) True
b) False
c) Not this one
d) Not this one

A bank can issue an official bank check for you
a) True
b) False
c) Not this one
d) Not this one

The only person who has a key to a safe-deposit box is the renter
a) True
b) False
c) Not this one
d) Not this one

The amount of money you will earn in interest is called
a) yield
b) money market
c) liquid
d) CD

An account with a higher rate of interest but with restrictions, including penalties for early withdrawal
a) Savings Account
b) Checking Account
c) Money Market Deposit Account
d) Certification of Deposit (CD)

Which of the following can be done through electronic funds transfers (EFTs)?
a) Point of sales transfers
b) direct deposit of paycheck
c) pre-authorized payments
d) all of them

Who is your favorite teacher?
a) Mr. Scherer
b) Mr. Scherer
c) Mr. Scherer
d) Mr. Scherer

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