Ch 5 Case - Chapter5Case CheckingOutFinancialService 1.

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Chapter 5 Case Checking Out Financial Service 1. Which financial services are most important to Carla and Ed Johnson? Most important financial services for Carla and Ed Johnson are mortgage payments,  utilities , food, car payments , insurance and telephone bill. 2. What efforts are the Johnsons currently making to assess their use of financial services  in relation to their other financial services?   While most people plan their spending for living expenses, few plan their use of financial  services. Carla has her own checking account. The Johnsons have $600 in a passbook  savings account that earns 2.2 percent interest.  If her balance exceeds $1,000, Carla  and Ed would earn 3.15 percent. If the balance stayed above $1,000, they would have to  pay the monthly service charge on Carla’s checking account. However, Ed has his own  checking account at the bank that offers an electronic banking system allowing a 
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This note was uploaded on 04/14/2010 for the course ACCT Act695 taught by Professor Smith during the Spring '10 term at York University.

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Ch 5 Case - Chapter5Case CheckingOutFinancialService 1.

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