Click Once to Begin JEOPARDY! A financial game show

f Chequing Accounts Savings Accounts Term Deposits $100 $400 $200 $500 $300 $400 $300 $200 $100 $500 $100 $200 $300 $400 $500

>>> A record keeping option that can be used on some account for a charge of $2.25 per month Answer: Passbook

>>> It can give you account criteria suited to your daily and monthly needs. There are different ones for everyone including a student. Answer: account monthly plan

>>> This type of chequing account would be beneficial to someone who travels outside of Canada and uses the bank machines in these different countries Answer: select service account

>>> Daily Double!!! The cheapest chequing account plan for someone who performs exactly 30 transactions (withdrawals) each month Answer: value plus account If you want to move the Daily double, just cut and paste the title into another slide number

>>> The account plan beneficial (cheapest) for someone who has a balance that fluctuates around 5000 throughout the month Answer: infinity account

>>> A person with untouched amounts of money in their chequing account would benefit from this. Answer: savings accounts

>>> The ideal plan for someone who keeps having problems with paying taxes on their savings at the end of the year Answer: tax free savings account

>>> The type of account that is ideal for someone who is beginning to save money from $0, is under 19 years old, and wants to be able to withdrawal money Answer: companion savings account

>>> The ideal plan for someone who has over $5000 to save and would like to have access to their money in case of an emergency (keep in mind that the tax free savings account has restrictions to only allow 5000 per calendar year) Answer: Guaranteed Investment Account

>>> What you would do if you had under $1000 dollars and needed to potentially access this money and perform over 10 transactions on your account. Answer: open a chequing account, not a savings account

>>> In most cases, the main reason that someone would open a term deposit instead of a savings account Answer: higher interest rate

>>> The cashable GIC that offers the highest interest rate if you don’t need the money for over 2 years Answer: 5 year stepper GIC

>>> The type of GIC that cashable in full after 30 days and interest rate can change on a monthly basis Answer: Money Market GIC

>>> The index that determines the return on a Market Growth GIC Answer: stock market

>>> This GIC has an interest rate that is compounded annually and changes after the first year Answer: GIC

Category : Financial Management

>>> GIC stands for this and is known as a term deposit Answer: Guaranteed Investment Certificate