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Glencoe ch 5

Authored by Steve Alvarado

Business

10th Grade

Used 8+ times

Glencoe ch 5
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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A monthly or quarterly record of the activity on your account. Choose matching term

credit application

credit update

annual interest rate

account statement

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A special account which pays you interest. Choose matching term

savings accounts

demand deposits and other checking accounts

simple interest formula

money market accounts

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

interest earned on both the principal amount and any interest already earned Choose matching term

Simple Interest

Compound Interest

Principal

Effective Rate

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The money you put in the bank for your account. Choose matching term

credit

interest

deposit

annuity

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The money you take out of your account at the bank or credit union. Choose matching term

principal

deposit

withdrawal

interest

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

the best way to save money each month. Choose matching term

annual interest rate

how to be a millionaire

simple interest formula

automatic saving deposit

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The straight calculation of the amount of money paid to you. The easiest calculation of fee paid to you by the bank. Choose matching term

present value

compound interest

simple interest

effective rate

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