0

Jamison Bechtelar

Lvl 10
2021-11-07 19:33:43
No Reviews
Leave the first rating

## Rate this Study Guide:

Cards in this guide (24)
What are the steps necessary to reconcile a bank statement

ending balance + outstanding deposits - outstanding check = balance

What institution insures individual banking accounts

minimum check-writing fee

The printing of currency in the US responsibility of

Federal Reserve System

This is Paula's monthly budget What percent of her expenses is spent on insurance

20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.

Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59

463.72

Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15

no

Dustin had five outstanding checks that totaled 117.54 What should his check register balance be if he had an ending balance of 599.43 and outstanding deposits that totaled 235.14

717.03

Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance

178.70

Kenneth is having a terrible time balancing his checkbook He had outstanding checks that totaled 323.14 an ending balance of 232.54 and outstanding deposits of 125.98 His checkbook register bal

Outstanding Checks = \$323.14

Current Bank Balance = \$232.54

Outstanding Deposits = \$125.98

Final Balance = Current balance + Outstanding deposits - outstanding checks

= 232.54 + 125.95 - 323.14

= 35.35

The final balance on Kenneth's account will be \$35.35

If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years

She will pay \$1,924.02 in interest.

Which of these should represent the smallest portion of your budget

mis

Which of these is the correct formula for calculating interest on a loan

Interest = Rate x Principal x Time

Which of these does not describe a total consumption budget

it is designed to reach short-term goals

Which of these is a type of savings account that is designed to accrue interest for a specific period of time

certificate of deposit

What is the interest on a five year loan of 13950 at a 5.8 percent rate of interest

"4045.50"

What describes discount loans

They require the interest to be paid first.

Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59

The simple interest over a period of five years is \$463.70

The fdic was created after the Great Depression with the passage of which act

glass-steagall act

What is an example of a bank fee that is charged when opening and using a checking account

minimum check-writing fee

What indicates that a website has been secured

https://

When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities

Divide the utility expense by the monthly budget. Multiply the result by 100.

When Amanda bought a car for 8500 her loan was for five years at a 4.6 interest rate how much will Amanda pay for her car total including interest

9708.14

Which of the following is the best description of a consumer good

It is something tangible that can be touched or carried

Which of these is an example of a variable expense

Utilities

Related study guides

22 cards

➡️
See all cards
No Reviews

21 cards

➡️
See all cards
No Reviews

32 cards

➡️
See all cards
No Reviews

25 cards

➡️
See all cards
No Reviews

28 cards

➡️
See all cards
No Reviews