Exam 2: Managing Your Financial Resources - Banking Services and Managing Your Money

John has overdraft protection which has a fee of five dollars per use and a 21 percent annual interest charge.NSF fees at his bank are $35.This month John's unexpected car expense caused his account to become overdrawn by $1200 for 14 days until his pay cheque was deposited.What was the total expense for John in this circumstance?

Institutions that facilitate the purchase or sale of securities by firms or individuals by providing investment banking services and brokerage services are called

Which of the following is becoming less relevant with the proliferation of online banking?

Which of the following is a not-for-profit depository institution that provides services only to members who have a common affiliation?

A 180-day GIC pays annualized interest at six and a half percent.How much interest will you earn on $5000 if you hold it to maturity?

Katie's overdraft fee is five dollars with a interest rate 21 percent.When she wrote a cheque that put her account in a $5000 overdrawn position for two weeks,she still saved money compared with a $40 NSF fee.