CMB 10.1-10.2 Review

CMB 10.1-10.2 Review

12th Grade

13 Qs

quiz-placeholder

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CMB 10.1-10.2 Review

CMB 10.1-10.2 Review

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Kelli Jenkins

Used 1+ times

FREE Resource

13 questions

Show all answers

1.

DRAW QUESTION

3 mins • 1 pt

Circle how you are feeling this morning :)

Media Image

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the name of a savings account that offers higher interest rates, but in which a person's money must stay deposited for a specific amount of time?

CD

Money market account

Savings account

DVD

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the type of fee charged for withdrawing money from a CD before the date of maturation?

Liquidity fee

Early redemption fee

FDIC fee

DVD fee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: CD ladder is the name of the investment strategy in which a person invests equal amounts in different CDs with different maturity dates.

True

False

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Suppose you buy a CD for $300 that earns 3% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity?

Use the online compound growth calculator

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Suppose Maurice buys a CD for $400 that earns 2.5% APR and is compounded monthly. The CD matures in 3 years. How much will Maurice's CD be worth at maturity?

Use the online compound growth calculator

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the name of a financial product offered by insurance companies to which a person makes contributions and immediately or later begins receiving payments?

CD

Annuity

Money market account

DVD

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