FCS-340 Exam with Guaranteed Accurate Answers

If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - correct answer Anywhere between $50 to $500 When you select a financial services provider, what are major factors to consider? - correct answer Convenience; Service; Interest rates (borrowing); Fees What type of financial services does a credit card company provide - correct answer Short-term lending What type of financial services does a investment company provide - correct answer Mutual funds, money market funds What type of financial services does a life insurance company provide - correct answer Life Insurance, savings and investments What type of financial services does a mortgage company provide - correct answer Loan for house What type of financial services does a payday loan company provide - correct answer Cash advancements with high interest rates Which of the financial services listed in Question 3 will likely provide the most expensive access to funds? - correct answer Payday Loans What type of institution is most likely to provide a full range of financial services, including checking, savings, and lending? - correct answer Commercial Bank Ed needed some cash quickly, so he received a short-term loan based on the value of an old ring. Where did he go? - correct answer Pawnshop What would be considered a drawback of a savings account? - correct answer Low returns; Withdrawal Limitations; Missed Opportunities A certificate of deposit that has different interest levels based on the stock market performance is called a - correct answer Stock Indexed CD