WisePractice G (50)

Front

All of the following make up the big three credit reporting agencies EXCEPT: Equifax, TransUnion, Experian, Federal Reserve

Back

Federal Reserve

Front

Is it important to reconcile your checking account to ensure accuracy and know your balance?

Back

True

Front

Which are institutions that give loans?

Back

Payday Lender, Bank, Pawn Shop

Front

The Federal Reserve System:

Back

Was created by Congress to provide a safer monetary system, regulates monetary policies of the United States, and is the Central Bank of the United States.

Front

What is deflation?

Back

The rate at which the general level of prices goes down

Front

What is a cashiers check?

Back

A check guaranteed by the bank that writes the check.

Front

What is liquidity in a business?

Back

How quickly you can convert an asset to cash

Front

Which savings vehicle is most liquid? Money Market Account, Certificate of Deposit, Simple Savings Account

Back

Simple Savings Account

Front

Which of the following will charge the highest interest rate on a loan?
Banks,
Credit Unions,
Payday Lenders

Back

Payday Lenders

Front

What is a credit union?

Back

A non-profit institution that is owned by its members and often provides higher dividends and lower interest rates on loans.