Multiple Choice
You have $3,000 that you may need to use to replace the furnace in your home. If you need the funds, it would be on no less than a week's notice. Into which type of account would it be best for you to deposit the $3,000?
A) Checking account
B) Savings account
C) MMA
D) All of the above would be equally acceptable.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: The secondary market for T-bills means that<br>A)
Q6: Overdraft protection for a checking account is
Q7: Your ability to cover short-term cash deficiencies
Q8: Use the following two columns of items
Q9: CDs that have small denominations (such as
Q11: If you lose your checkbook, the bank
Q12: Financial advisors often advise having 4-6 months
Q13: The market where investors can sell T-bills
Q14: Some investments are subject to credit risk.
Q15: Describe the type of checking account you