CMB 10.1-10.2 Review
Authored by Kelli Jenkins
Mathematics
12th Grade
CCSS covered
Used 1+ times
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13 questions
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1.
DRAW QUESTION
3 mins • 1 pt
Circle how you are feeling this morning :)
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the name of a savings account that offers higher interest rates, but in which a person's money must stay deposited for a specific amount of time?
CD
Money market account
Savings account
DVD
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the type of fee charged for withdrawing money from a CD before the date of maturation?
Liquidity fee
Early redemption fee
FDIC fee
DVD fee
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: CD ladder is the name of the investment strategy in which a person invests equal amounts in different CDs with different maturity dates.
True
False
Tags
CCSS.4.NF.A.1
CCSS.5.NF.B.5B
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Suppose you buy a CD for $300 that earns 3% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity?
Tags
CCSS.HSF-LE.A.1C
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Suppose Maurice buys a CD for $400 that earns 2.5% APR and is compounded monthly. The CD matures in 3 years. How much will Maurice's CD be worth at maturity?
Use the online compound growth calculator.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the name of a financial product offered by insurance companies to which a person makes contributions and immediately or later begins receiving payments?
CD
Annuity
Money market account
DVD
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