Questions from Personal Finance

Q: List and describe some of the banking services offered by financial institutions

List and describe some of the banking services offered by financial institutions.

Q: When would you use a traveler’s check? What are the advantages

When would you use a traveler’s check? What are the advantages of using traveler’s checks?

Q: Describe and compare the three types of depository institutions.

Describe and compare the three types of depository institutions.

Q: Why do some investors pursue higher-risk investments when their income

Why do some investors pursue higher-risk investments when their income falls during economic downturns? What is wrong with this strategy?

Q: What is the difference between a debit card and a credit card

What is the difference between a debit card and a credit card?

Q: Steve just received his first paycheck and wants to open a checking

Steve just received his first paycheck and wants to open a checking account. There are five banks in his hometown. What factors should Steve consider when choosing a bank?

Q: When making banking decisions, why should you be concerned about current

When making banking decisions, why should you be concerned about current interest rates?

Q: How is the risk premium calculated?

How is the risk premium calculated?

Q: What is the likely impact of increased government borrowing on market rates

What is the likely impact of increased government borrowing on market rates of interest?

Q: Recall that the Sampsons have resolved to save a total of $

Recall that the Sampsons have resolved to save a total of $800 per month. Dave and Sharon notice that their local bank offers the certificates of deposit listed in the following table; they now need t...