1. Financial Algebra
11 April 2018

2. 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

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

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

5. 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

6. 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

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

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

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

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

11. 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

12. 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