MGT 100 - Checking & Savings

MGT 100 - Checking & Savings

Assessment

Flashcard

Fun

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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7 questions

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1.

FLASHCARD QUESTION

Front

accounts that provide a safe place to store money with conservative interest.

Back

savings account

2.

FLASHCARD QUESTION

Front

electronic subtraction of the amount of purchase from your bank account

Back

debit card

3.

FLASHCARD QUESTION

Front

We save for all of the following reasons except: Emergencies, purchases, wealth building, loan payments

Back

loan payments

4.

FLASHCARD QUESTION

Front

immediate purchasing power exchanged for the promise to repay the borrowed money

Back

credit

5.

FLASHCARD QUESTION

Front

Money earned on Money

Back

interest

6.

FLASHCARD QUESTION

Front

Which is NOT one of the 3 C's of Credit: Character, Capacity, Collateral, Capital?

Back

Collateral

7.

FLASHCARD QUESTION

Front

Interest rate that must be legally listed to compare among different products.

Back

APR

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