Directions: Go to websites of three banks (rural or commercial) and determine the interest rates on theirsavings or time deposit accountsNAME OF BANKSINTEREST RATESIf you are to open a bank account in one of the three banks you listed above, which bank will choose?What are your considerations in choosing this bank?you

NAME OF BANKS INTEREST RATES 1. STATE BANK OF INDIA…

Answered: vings or

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 2FPE

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research two local banks in your area and compare/contrast one service that they offer. For example you may want to look at the type of checking accounts offered and compare the features between these; What are the interest rates offered? How many withdrawls are you allowed? What fees are associated with the account ? Do they offer a budgeting app, online banking etc? You could do this for savings accounts, buisness accounts, etc. Discuss what features you find most important, and which bank you would choose based on your research.
When selecting a financial institution, you should consider: (select all that apply) fees for services. | convenience, such as location of branches and online access to your account. interest rates charged on loans. interest rates earned on your savings.
Prepare a service blueprint for each of these banking transactions: Make a savings deposit using a teller. Apply for a home equity loan.
Where should you go to set up a new bank feed or link to a bank account in a client's QuickBooks Online company? A. Expenses Center B. Accounting Center C. Sales Center D. Banking Center
Direction: Match the following bank accounts to its usage or description listed below. Write your answer on the blank before the number. Choose from the following Savings Account Current Account Time Deposit UITF _________________1. The simplest form of bank account. _________________2. A bank account which cannot be withdrawn until the contract period has ended. _________________3. It is a type of bank account that pooled funds managed by experts to ensure high yield and quality returns. _________________4. It allows a limited number of withdrawals only. _________________5. It makes saving very rewarding. _________________6. It allows numerous withdrawals with a large sum of money. _________________7. The investors earn through the increase in fair value of the pooled fund. _________________8. The investors earn through interest while saving. _________________9. This bank account comes with atm or passbook. ________________10. This is evidence by a…
Look at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________.When receiving a payment, make sure _________________. Which option correctly fills in these two sentences?1. To match your bank register with your bank statement; 2. the Deposit to account is Checking2. To match your bank register with your bank statement; 2. the Deposit to account is Uncategorized Funds3. To match your expenses with your bank statement; 2. the Deposit to account is Uncategorized asset4. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
Suppose you go to your local bank, intending to buya certificate of deposit with your savings. Explain whyyou would prefer this to offering a loan, at an interestrate that is higher than the rate the bank pays oncertificates of deposit (but lower than the rate the bankcharges for car loans), to the next individual who entersthe bank and applies for a car loan
Based on the information above should Billy open a checking account or a savings account? Explain your choice by citing at least 2 benefits of the account type you chose and why those benefits are a good fit for Billy's current situtation.
Match up the following statements and answers. An answer may be used more than once. Whose liabilities are bank notes held by the general public? Choose... Whose assets are reserves with the central bank? Choose... For households a home mortgage is a Choose... for commercial banks a home mortgage is a Choose... for commercial banks a deposit held by the general public Choose... is a for a corporation a bank loan is a Choose... an example of a household's tangible assets is a Choose... if I borrow money using my house as collateral this is a v Choose... mortgage, an asset of a commercial bank the central bank liability house asset mortgage, a liability of a commercial bank commercial banks
Based on the chart which credit card would you choose for yourself and why
Your friend Binna has a money market mutual fund account, automatic deposit of her paycheck into an interest-bearing checking account at the company credit union, and a CD from the local branch of a bank that advertises "coast-to-coast" banking. What is the benefit of "mixing and matching" financial institutions and their services?
Write in your own words which type of bank account would you like to open and explain why .

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