Financial Math Fall Semester Review 2024

Front

summary of financial transactions which have occurred over a given period on a bank account held by a person or business with a financial institution

Back

Bank Statement

Front

certificate issued by a bank to a person depositing money for a specified length of time

Back

Certificate of Deposit

Front

What is a deposit account held at a financial institution which allows withdrawals and deposits? Options: check kiting, Savings Account, Credit Score

Back

Checking Account

Front

person's financial debt or obligation

Back

Liabilities

Front

type of savings account which usually earns a higher amount of interest than a basic savings account

Back

Money Market Account

Front

What is the result of taking the total of an individual's current liabilities and subtracting them from the total current assets?

Back

Net Worth

Front

What is an interest-bearing deposit account held at a bank which provides a modest interest rate? Options: Savings Account, Saving, Checking Account, Bank Statement

Back

Savings Account

Front

restricting expenses and keeping the unspent money in one's own custody for the purpose of accumulating it

Back

Saving

Front

degree to which an asset can be quickly bought in the market without affecting the asset's price

Back

Liquidity

Front

act of buying an asset to generate returns from it over a period of time while also taking care of risk and volatility

Back

Investing