WorksheetsPersonal Finance Study Guide Chap3
Total questions: 25
Worksheet time: 13mins
Length of a loan
annuity
Term
interest
period
A time deposit or savings certificate
money market
annuity
Certificate of Deposit
Savings Account
A series of payments made at regular intervals
CD
Money Market
Electronic Funds Transfer
annuity
A check issued but not yet received by the bank
voided check
canceled check
outstanding check
direct deposit check
Money paid to an individual or institution for the privilege of using their money.
interest
service charge
EFT
direct deposit
A check that cleared the bank and is now complete
outstanding check
voided check
direct deposit
cancelled check
Bank charge for handling your checking account
service charge
interest
annuity
deposit
banking service that allows you to do your banking by using your personal computer and the internet.
bank statement
online banking
check register
Automated Teller Machine
Monthly report to a depositor showing deposits, payments, and balance in your checking account.
check register
EFT
certificate of deposit
bank statement
A form used to list all money deposited into the bank
check register
bank statement
deposit slip
annuity
The difference between the original principal and the compound amount
money market
interest
term
compound interest
Not having enough money in your bank to cover you check
insufficient funds
voided check
outstanding
annuity
A record you keep of deposits and checks and other transactions affecting your account
CD
bank statment
deposit slip
check register
When funds are withdrawn from one account and deposited into another using computers
ATM
Direct Deposit
EFT
CD
A computer system that lets you withdraw or deposit money in your bank account without a teller
EFT
ATM
CD
MM
Transferring funds by a company directly into their employees bank accounts without writing any checks
ATM
Direct Deposit
annuity
EFT
The term that describes the numerical value where the interest rate and number of periods meet in a compound interest table is the
interest value
periodic rate
mulitplier
factor
Which of the following is not a heading in a check register
check number
interest rate
balance
transaction
Which of the following is the best example of an outstanding transaction
a cancelled check that has been returned by the bank
a check recorded in the register but not on the statement
an ATM withdrawal that has not been recorded in the check register
None of the above
An account has an 8% annual interest rate. What is its monthly rate?
2%
.66%
4%
8%
A CD is compounded quarterly for four years. How many times is it compounded?
once
four times
sixteen times
twelve times
A formula that can be used to solve for interest is?
Pincipal / Rate X Time
Time X Rate X Principal
Rate / Time + Principal
none of the above
Which of the following best describes this situation: You have to put money in today to be able to make payments for the next two years.
Future Value Annuity
Present Value Annuity
Term
Money Market
What is Mrs. Campbell's favorite NFL Team
Chiefs
Broncos
Raiders
Patriots
Mrs. Campbell had how many kids all together?
3
5
2
6
