Tentamen (uitwerkingen)
FINC 300 Final Exam Questions And Answers Latest Update
- Vak
- Instelling
FINC 300 Final Exam Questions And Answers Latest Update
[Meer zien]Voorbeeld 4 van de 68 pagina's
Voorbeeld 4 van de 68 pagina's
In winkelwagen
In winkelwagen
gesponsord bericht van onze partner
Verkoper
Volgen
Schoolflix
Ontvangen beoordelingen
Voorbeeld van de inhoud
Solution 2024/2025Pepper
FINC 300 Final Exam Questions And Answers
Latest Update
After reading the new account insert in his monthly statement, Tony
Mercadante determined that the FDIC considers a joint account as a
separate depositor. He and his wife, Cynthia, have three accounts at ABC
Bank & Trust, one joint account with a balance of $60,000 and two
individual account - his has a $150,000 balance, and hers has a $254,000
balance. What amount of FDIC coverage do Tony and Cynthia have on their
accounts? ANS✔✔ Tony's account balance of $150,000 is completely
covered as is their joint account of $60,000; both accounts are under the
$250,000 FDIC limit. Cynthia's account is over the insurance limit by $4,000,
but their money would be covered if she moved some into their joint
account or into another institution.
Two advantages of carrying cash are that it's easy to spend and many times
you can even recall where you spent it ANS✔✔ False
Because liquid assets can be turned into cash quickly and with little loss,
they have little risk associated with them and therefore provide a low rate of
return for the consumer ANS✔✔ True
Keeping your funds in liquid assets is riskier than keeping them in illiquid
assets and therefore investors require a higher expected rate of return on
liquid assets ANS✔✔ False
Cash and investments that can be easily converted into cash are termed
ANS✔✔ Liquid assets
, Solution 2024/2025
Pepper
According to the Keown book, one way to think of liquid assets is as a(n)
ANS✔✔ Reservoir, with money moving in as wages are received and moving
out as living expenses are paid
It is best for college students to wait and begin saving once they are
"making more money" ANS✔✔ False
It is wise to wait until you are earning a substantial amount of money before
you establish a disciplined financial plan for your future ANS✔✔ False
With online banking, you are able to access your accounts and conduct
business transactions through the Internet, your mobile phone, and devices
ANS✔✔ True
The deregulation of the 1980s has allowed brokerage firms to offer
traditional banking services, and has also let banks offer services formerly
found only at investment companies ANS✔✔ True
Credit unions and internet - only banks typically offer more attractive
interest rates to both borrowers and savers ANS✔✔ True
What is the name of an investment company that raises funds from
investors, pools the money, and invests in stocks or bonds? ANS✔✔ Mutual
fund firm
Which of the following financial institutions were originally established to
provide mortgage loans to depositors? ANS✔✔ Savings and loan
associations
, Solution 2024/2025
Pepper
Credit unions and internet - only banks typically offer ANS✔✔ More
attractive interest rates to both borrowers and savers
Online and mobile banking allows you to do the following ANS✔✔ Access
your accounts at any time of day; pay bills and receive payments online;
transfer funds between accounts
T-bills are extremely sage investments, having been issued by the federal
government ANS✔✔ True
One of the advantages of T-bills is that they are exempt from federal taxes
but subject to state income taxes ANS✔✔ False
What is the name for comprehensive financial services packages offered by
brokerage firms? ANS✔✔ Asset management accounts
A savings alternative that pays a fixed rate of interest while keeping your
funds on deposit for a contracted period of time that can range from 30
days to several years is called a ANS✔✔ Certificate of deposit
Which of the following is not an advantage of a CD as a cash management
alternative? ANS✔✔ CDs offer liquidity
Money Market Deposit Accounts enjoy one advantage over savings accounts
found in commercial banks. This advantage is ANS✔✔ A variable rate that is
generally higher
, Solution 2024/2025
Pepper
Money market mutual funds provide attractive competition for bank
deposits becuase ANS✔✔ Their short term, higher returns are generally
regarded as practically risk-free
Another name for an interest bearing checking account is a(n) ANS✔✔ NOW
account
All of the following are advantages of CDs except ANS✔✔ Minimum deposit
required
A disadvantage of an MMMF is ANS✔✔ Administrative fees
A tax free investment will always have a higher after-tax return than a
taxable investment ANS✔✔ False
The National Credit Union Association is a federal agency that insures
deposits at credit unions ANS✔✔ True
The APY can never be the same as the APR ANS✔✔ False
The ____________ converts interest rates compounded for different periods
into comparable annual rates, allowing you to compare interest rates easily
ANS✔✔ APY
What is the FDIC? ANS✔✔ Federal Deposit Insurance Corporation
Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:
Bewezen kwaliteit door reviews
Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!
In een paar klikken geregeld
Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.
Direct to-the-point
Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Schoolflix. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €14,34. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 71241 samenvattingen verkocht
Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen
Laatst bekeken door jou
Tentamen (uitwerkingen) ·
Guidewire Associate Exam Study Guide 2024-2025 GRADED A
Tentamen (uitwerkingen) ·
Medicare AHIP Complete Exam Question Solution Graded A+.
Tentamen (uitwerkingen) ·
CHEM 104_ Chemistry II Exam 4 (University of new england)
Essay ·
Volledige Take Home Toets - Een leven lang gezond GZW1021
Tentamen (uitwerkingen) ·
AQA GCSE History Paper 1 Section A/A - Question Paper 2023
Tentamen (uitwerkingen) ·
PRACTICE EXAM FOR NBST 610 EXAM 1 QUESTIONS AND ANSWERS
Voordeelbundel ·
Samenvatting Recht + Samenvatting Psychologie 2023-2024
Tentamen (uitwerkingen) ·
Society and Culture in Provincial America EXAM A GRADED
