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Finance Questions

Explore questions in the Finance category that you can ask Spark.E!

An amount of money lost by an organization-Loss-Profit-Revenue

Which of these is not an asset-IRA -401k-Mutual Fund-HELOC

Income of gross proceeds collected by an entity-Liabilities-Owners equity-Expenses-Revenue

Which of these is not a Liability-Health insurance-Invoice-Lease-Loan

Portion of total value of company's assets that can be claimed by owners-Assets-Liabilities-Owners Equity

Money market accounts pay the market rate of interest on the money deposited.

Checks that have been processed are called transposed checks.

If you deposit $500 for 6 months at an annual interest rate of 7%, how much interest will you earn?

A checking account is a form of demand deposit.

Checking accounts sometimes pay interest and may require a minimum balance in order to avoid a monthly service fee.

A formula for comuting how long it will take to double money invested at a given rate

Money placed in an IRA may be tax-deductible when deposited.

The FDIC insures checking account deposits and savings account balances in all banks.

When a paper check is transformed into a digital image, it is called a

The process of adjusting the checkbook register and bank statement balances so that they agree

Which of the following financial institutions is not likely to be insured by the FDIC?

The FDIC insures all types of deposits, including checking, saving, money market, and certificate of deposit.

Money added to a checking or savings account is called a(n)

A signature, with or without instructions, written on the back of a check

A savings account is a demand deposit that may have some restrictions on how quickly or easily the money can be withdrawn.

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