Chapter 19- Personal Banking

Using a debit card has the same result as____

• Using a credit card

• Writing a check

• Borrowing money

• Saving money

An individual retirement account in which individuals contribute after-tax income and qualified withdrawals are not taxed is a(n)

• 401 (K)

• 401 (B)

• Retirement fund

• Roth IRA

The signature on the back of a check is a(n)

• Signature

• Payment

• Endorsement

• Check stub

A combination of savings and checkings account is a(n) _____ checking account

• Interest-bearing account

• Bank Account

• Investment Account

• Money Making Plans

A bank account used by depositors to accumulate money for future use is a(n)

• Bank Account

• Emergency Funds

• Will

• Savings plan

A plan to develop investment growth is a(n) _____ plan

• Property Investment

• Personal Investment

• Investment Growth Plan

• Strategy

A legal document stating a person's wishes for his or her estate after death is a(n)

• Will

• Estate

• Annuity

• Keogh Plan

A retirement program can be sponsored or started by______

• Employers

• Individuals

• the self-employed

• All of the above

A (n)______ is a contract with an insurance company that provides regular income for a set period of time, usually for life

• 401(K)

• 401(B)

• Roth IRA

• Annuity

The portion of a company's earnings that is paid to stockholders is a(n)_____

• Interest Payment

• Dividends

• Annuity

• Deposit