Personal Finance Chapter 5 Vocabulary
Authored by Jessica Cole
Mathematics
9th - 12th Grade
CCSS covered
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The percentage rate expressing the total amount of interest that would be received on a $100 deposit based on the annual rate and frequency of compounding is ?
Annual Percentage Yield
Asset Management
Certificate of Deposit
Commercial Bank
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
An all in one account that includes savings, checking, borrowing, investing, and other financial services for a single fee is?
Annual Percentage Yield
Asset Management
Certificate of Deposit
Commercial Bank
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A savings plan requiring that a certain amount be left on deposit for a stated time period to earn a specified interest rate is?
Annual Percentage Yield
Asset Management
Certificate of Deposit
Commercial Bank
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A financial institution that offers a full range of financial services to individuals, businesses, and government agencies is?
Annual Percentage Yield
Asset Management
Certificate of Deposit
Commercial Bank
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A process that calculates interest based on previously earned interest is?
Compounding
Credit Union
Debit Card
Money Market Account
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A user owned, profit, cooperative financial institution that is organized for the benefit of its members is?
Compounding
Credit Union
Debit Card
Money Market Account
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A plastic access card used for banking transactions is?
Compounding
Credit Union
Debit Card
Money Market Account
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