Resource Management Final Spring 2023

Resource Management Final Spring 2023

Professional Development

25 Qs

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Resource Management Final Spring 2023

Resource Management Final Spring 2023

Assessment

Quiz

others

Professional Development

Practice Problem

Hard

Created by

Elisabeth Oliver

Used 5+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

1. A savings account that pays interest every three months is said to have a _____ interest period.

quarterly
monthly
semiannual
daily

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

2. A savings account that pays interest every month is said to have a _____ interest period.

quarterly
monthly
semiannual
daily

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

3. Catherine is buying a new TV and is looking for the best loan to pay for her purchase. What loan should she choose?

Loan with the lowest APR
Loan with the highest APY
Loan with the highest APR
Loan with the lowest APY

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

4. ABC Bank is getting ready to offer special interest rates for its student savings accounts. How should the bank advertise its rates in order to encourage people to save money with ABC Bank?

Account with the lowest APR
Account with the highest APY
Account with the highest APR
Account with the lowest APY

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

5. Cassidy is buying a house and is looking for the best home loan to pay for her purchase. What loan should she choose?

Loan with the lowest APR
Loan with the highest APY
Loan with the highest APR
Loan with the lowest APY

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

6. Which of these options for saving money typically offers the most liquidity?

Certificate of deposit
Money market account
Basic savings account
Savings bond

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

7.. Which of these options for saving money typically offers the least liquidity?

Certificate of deposit
Money market account
Basic savings account
Savings bond

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