Exam (elaborations)
PFLE Savings and checking accounts Unit 4 Questions And Answers Latest Update
- Course
- Institution
PFLE Savings and checking accounts Unit 4 Questions And Answers Latest Update
[Show more]
Content preview
PFLE Savings and checking accounts Unit 4Questions And Answers Latest Update
Short term goal - correct answers a goal that you can reach in a short period of time
Medium term goal - correct answers a goal that you expect to achieve in 2 to 5 years
long term goal - correct answers goal set for an extended time, typically five years or more into the future
Certificate of Deposit (CD) - correct answers A savings alternative in which money is left on deposit for a stated period of
time to earn a specific rate of return.
Automatic Savings - correct answers with this type of savings, money is transferred to your savings account at regular
time intervals that the customer sets up
savings account - correct answers An account at a depository institution that is designed to hold money not spent on
current consumption
checking account - correct answers A bank account from which payments can be ordered by a depositor
previous balance - correct answers Amount still owed from purchases prior to the current 30-day charge cycle.
check - correct answers A business form ordering a bank to pay cash from a bank account
statement period - correct answers indicates the dates in which the transactions occurred.
transaction - correct answers A business deal or action; exchange of money, goods, or services
ending balance - correct answers The amount of money in a checking account at the end of a statement period.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80202 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now