Question

10.
Your grandma has a computer and is pretty technologically savvy. She wants to open an account at a bank that will provide her personal attention. Which bank should she choose?
A. brick and mortar bank
B. internet bank
11.
Which account would you open if you wanted to save money and were not concerned about having immediate access to your funds?
A. CDs (Certificates of Deposit)
B. Checking accounts
C. Savings Accounts
D. Money Market Accounts

Answer 1

12.
What is one advantage to using a credit union?
A. They are able to offer better rates than commercial banks because they are exempt from being monitored
B. They are able to offer better rates than commercial banks because they are exempt from federal taxes
C. They are able to offer better rates than commercial banks because they are exempt from rules and regulations
D. none of the above
13.
Which type of policy should you purchase when moving into off-campus housing at college?
A. Homeowner’s Insurance
B. Renter’s insurance
C. Property Insurance
D. Health Insurance

Answer 2

14.
If you were opening a bank account, would you choose a brick and mortar bank or an internet bank? Why?

Answer 3

#11 is D
#13 is B