04 - 04 Student 1 The convenience of using a financial...

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04 Student: ___________________________________________________________________________ 1. The convenience of using a financial institution with 24-hour banking frequently requires a trade-off with A. safety. B. personal service. C. growth of savings. D. liquidity. E. a lower rate of return. 2. A trust has the purpose of 3. The storage of funds for future use is the purpose of ____________ services. 4. When interest rates are rising, a person would be best served by 5. An all-purpose account that provides several services is a(n): A. NOW account. B. asset management account. C. EFT account. D. mutual fund. E. money market account. 6. Time deposits consist of 7. Direct deposit and automatic monthly payments are features of
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8. To avoid high fees for loans, a person should not borrow from a 9. In recent years, membership in credit unions has A. become more difficult due to higher taxes. B. continued to increase. C. been limited to government employees. D. declined due to poor credit union management. E. stayed at about the same level. 10. An advantage credit unions may have over other financial institutions is 11. The major service offered by investment companies is 12. A financial institution organized for the main purpose of providing loans to purchase homes is a 13. The business hours and location of a financial institution refer to the ____________ factor of selecting a financial institution. A. safety B. cost C. compounding D. liquidity E. convenience
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  • Fall '13
  • Sidhu
  • Cheque, Kapoor

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