Financial Algebra 11 April 2018.

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Presentation transcript:

Financial Algebra 11 April 2018

announcements Homework is posted on the website The homework is due by Friday, April 13th There’s more CTE testing this week Starting Monday, I’ll be proctoring testing Your next quiz is also take-home You’ll be getting it Thursday; it will be due by next Friday, but you can turn it in earlier

Quiz review Bank accounts that offer more liquidity to the depositor pay a rate of interest. Higher Lower Stable Very high

Quiz review Bank accounts that offer more liquidity to the depositor pay a rate of interest. Higher Lower Stable Very high

Quiz review A demand deposit account that functions as an interest-bearing checking account is called a . Time shared account Checking account Negotiable order of withdrawal (NOW) account Shared repurchase interest account

Quiz review A demand deposit account that functions as an interest-bearing checking account is called a . Time shared account Checking account Negotiable order of withdrawal (NOW) account Shared repurchase interest account

Quiz review Certificates of deposits (CDs) have __________ maturity dates Six month Specified Uncertain Five year

Quiz review Certificates of deposits (CDs) have __________ maturity dates Six month Specified Uncertain Five year

Quiz review Traditional individual retirement accounts are __________. Taxed at withdrawal Taxed at deferment Taxed at time of deposit Never taxed

Quiz review Traditional individual retirement accounts are __________. Taxed at withdrawal Taxed at deferment Taxed at time of deposit Never taxed

Quiz review Nonprofit organizations can set up defined contribution retirement plans that are referred to as__________. 401(k) plans IRAs Vesting plans 403(b) plans

Quiz review Nonprofit organizations can set up defined contribution retirement plans that are referred to as__________. 401(k) plans IRAs Vesting plans 403(b) plans