Chapter 4 Test A

Chapter 4 Test A - Chapter 4 Test 1 Factors typically...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 Test 1. Factors typically influencing the choice of where to maintain a checking account are: a. convenience and cost b. convenience and services c. cost and services d. convenience, services, and cost 2. ____ is not a liquid asset. a. Bond mutual funds b. An interest-paying checking account c. A passbook savings account d. A checking account e. A money market mutual fund 3. Which of the following assets would be considered least liquid? a. A money market mutual fund b. An interest-paying checking account c. A passbook savings account d. A checking account e. Series EE US savings bond 4. Liquid assets are held in order to a. meet recurring household expenses. b. make everyday transactions. c. have money for emergency expenditures. d. build reserves for future planned expenditures. e. all of the above 5. A ____ is an interest-bearing checking account. a. certificate of deposit b. Treasury bill c. NOW account d. series EE US savings bond e. regular checking account 6. Connie Shockey wants to put funds in an account that does not offer checking privileges because she has a tendency to overspend. Which of the following would fit her criteria? a. NOW account b. A DDA with overdraft protection c. money market mutual fund d. money market deposit account e. certificate of deposit 7. The more frequently a bank compounds interest, ____ will be. a.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 4

Chapter 4 Test A - Chapter 4 Test 1 Factors typically...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online