Glencoe ch 5

Quiz
•
Business
•
10th Grade
•
Hard
Steve Alvarado
Used 7+ times
FREE Resource
12 questions
Show all answers
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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