p 143 The purpose of a debit card is to A obtain a discount on consumer

P 143 the purpose of a debit card is to a obtain a

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19.(p. 143)The purpose of a debit card is to: A. obtain a discount on consumer purchases.B. make credit card purchases.C. quickly obtain a cash loan.D. make investments with an investment company.E.transfer money electronically.Bloom's: ComprehensionDifficulty: EasyLearning Objective: 05-01 Analyze Factors that Affect the Selection and Use of Financial ServicesTopic: Debit Cards 20.(p. 144)When interest rates are rising, a person would be bestserved by: Bloom's: ComprehensionDifficulty: HardLearning Objective: 05-01 Analyze Factors that Affect the Selection and Use of Financial ServicesTopic: Saving/Rising Interest Rates 5-6
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Chapter 05 - Financial Services: Savings Plans and Payment Accounts 21.(p. 141)Checking accounts are frequently referred to as ____________ deposits. Bloom's: KnowledgeDifficulty: MediumLearning Objective: 05-01 Analyze Factors that Affect the Selection and Use of Financial ServicesTopic: Demand Deposit equals Checking Account 22.(p. 141)Time deposits consist of: Bloom's: KnowledgeDifficulty: MediumLearning Objective: 05-01 Analyze Factors that Affect the Selection and Use of Financial ServicesTopic: Time Deposits 23.(p. 143)Which of the following statements regarding debit and credit card liability is correct? A. A credit card carries more risk of loss to the cardholder.B.A debit card carries more risk of loss to the cardholder.C. There is no cardholder liability if either type of card is lost.D. The Federal Government insures losses on credit but not debit cards.E. The Federal Government insures losses on debit but not credit cards.Bloom's: ComprehensionDifficulty: MediumLearning Objective: 05-01 Analyze Factors that Affect the Selection and Use of Financial Services Topic: Debit Card/Credit Card Liability for Lost Card 5-7
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Chapter 05 - Financial Services: Savings Plans and Payment Accounts 24.(p. 145)Traditionally, the greatest variety of financial services is offered by: Bloom's: KnowledgeDifficulty: EasyLearning Objective: 05-02 Compare the Types of Financial InstitutionsTopic: Commercial Bank Offerings
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  • Fall '16
  • Financial services, Cheque

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