What is a federally insured deposit? Is deposit insurance important to you? Explain.
Answer to relevant QuestionsIdentify or explain the following items: a. Certificate of deposit b. Bank c. Right of survivorship d. Bounced check e. Stop-payment order f. Certified check, cashier’s check, traveler’s check g. ATM h. EFTS A local bank offers a “free” checking account if you maintain a minimum balance of $1,000. Is the account really free? Explain. Describe the three Cs of credit and why lenders feel they are important in evaluating a loan request. Then list five steps you can take to begin a credit record. If a good friend of yours has had serious financial misfortunes lately and is unable to meet her debt payments, what advice can you give? Be sure to include the topic of bankruptcy, since she has heard that it will eliminate ...What is the difference between a closed-end lease and an open-end lease?
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