Banking

An investment that can be quickly turned into cash.

• Reserve requirement

• Certificate of deposit

• Liquidity

• NCUA

Which asset is most liquid?

• Certificate of deposit

• Stock

• Real estate

• Cryptocurrency

Trenise is looking to open his first savings account, but the banker discloses that to keep the account open, he will need to maintain a $500 balance. What is this called?

• Required payment

• Minimum required balance

• Minimum amount due

• Required perpetual balance

Which account will let you take out more than you have in the account?

• Checking account

• Savings account

• Money Market Account

• Certificate of Deposit Account

This is a today account.

This is a tomorrow account.