100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
EverFi Modules 2 answered 2023 $7.09   Add to cart

Exam (elaborations)

EverFi Modules 2 answered 2023

 3 views  0 purchase
  • Course
  • Institution

EverFi Modules 2 answered 2023 What are the three main responsibilities of the Federal Reserve? 1. Provide and Maintain an effective payment system 2. Supervise and regulate banking operations 3. Conduct monetary policy Which type of financial institution typically has some sort of requireme...

[Show more]

Preview 1 out of 2  pages

  • January 20, 2023
  • 2
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
avatar-seller
EverFi Modules 2 answered 2023

What are the three main responsibilities of the Federal Reserve?

1. Provide and Maintain an effective payment system
2. Supervise and regulate banking operations
3. Conduct monetary policy

Which type of financial institution typically has some sort of requirement to be a member?

Credit Union

Which type of bank account is typically the most liquid?

Checking Account

Compare/ contrast a checking account and savings account. Which offers more interest? Which is
easier to get money out of?

Savings account offers more interest. Checking accounts are more easier to get your money out of.

Between checking, savings, money market, and certificate of deposit, which typically has the highest
interest rate? Which has the lowest liquidity?

Certificate of Deposit (CD)

What are the three parts of the Federal Reserve System?

1.Reserve Banks
2.Federal Open Market Committee
3.Board of Governors.

List four possible fees associate with a checking account. Which is likely to be the highest

Overdraft fee, Account transfer fee, Monthly service fee, ATM fee. ATM fee is highest.

What are some unique features of a credit union?

1.Credit Unions are typically owned and run by their members.
2.Credit Unions offer a wide variety of banking services

What three things do the numbers on the bottom of a typical check represent?

1. Routing Number
2. Account Number
3. Check Number

Which part of the check is the least important?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller LIXAN. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.09. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79751 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.09
  • (0)
  Add to cart