finance assignment 1

1105 WordsOct 31, 20145 Pages
Assignment 1: Part 1: Economic Basics (10.0 points) Please BOLD/HIGHLIGHT your answers to make it easy for me to see your answers. 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) It makes a plan for you to save money in order to buy a house, a car, go to college or afford to move into an apartment. I would like to start saving money so I could be able to move out on my own and also to buy a car because right now I have to have my parents take me anywhere I want to go. 2. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a…show more content…
d. Fill out the Amount You Owe section if Jessie owes the IRS money. e. Do not fill out the Third Party Designee Section, the Sign Here section, or the Paid Preparer's Use Only Section. f. Click the File menu, and then click Save so that your work is saved. Part 3: Banking (14.0 points) 1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®. a. What is the name of the bank or credit union? (0.5 points) b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points) c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points) d. Does this bank or credit union offer online banking? (0.5 points) e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.0 points) 2. Visit the website of a second large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. a. What is the name of the bank or credit union? (0.5 points) b. List three differences you found between the accounts and features this bank or credit union offers and the bank from

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