Question: In chapter 5, we discussed banking and interest rates. Chapter 5 discusses the various types of depository institutions that offer these services: commercial banks, savings

In chapter 5, we discussed banking and interest rates. Chapter 5 discusses the various types of depository institutions that offer these services: commercial banks, savings institutions, and credit unions, In addition, the chapter talks about federal interest. Get Ready! To prepare for this Discussion: - Read Chapter 5 Share Your Thoughts Original posts should be completed 48 Hours before the close of the discussion board. Go to Unit 2 Discussion Forum. Discuss five ways that the federal interest affects you and your bank account, and what does that mean for your future financial plans? For example, what if you were wanting to save up money for a new vehicle or a new home? How would the interest rates affect the growth of your savings? Say you have enough money saved up for the down payment on the house what interest rate would you be able to live with for say 1530 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Need help with the questions below. 3. Deposit insurance programs What are federal deposit insurance programs? The presence of federal deposit insurance on your accounts is often not readily...

Net income measured as a percentage of assets is Answer return on equity (ROE). return on liabilities (ROL). return on investment (ROI). return on assets (ROA). . 4 points Question 2 Changes in ____...

I need a tutor help answer this question. Read the article ?Who Regulates Whom and How?? in the module resources and answer the following prompts in your initial post: Identify three policy problems...

Hi, can you help me with this question? I attached the file and other people's assignment. I hope these two can help you finish my assignment. Read the article ?Who Regulates Whom and How?? in the...

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

All questions are to be answered in a short essay form. Structure your answers around the factual basis. 1. Landlord-tenant relationship is a peculiar one. Please discuss legal aspects of this...

II. Chapter part II Complete the banking note-sheet Research and create a small page on Commercial Banks, Savings and Loans, Savings Banks, Credit Unions, and Finance companies: ' Items to look for:...

Why is it important for us to understand how the global system of financial institutions and markets works? ros57395_ch01.qxd 12/21/04 2:45 PM Page 1 Part 1 The Global Financial System in Perspective...

1.An indirect transfer would include which of the following? A. Boston National Bank accepts customer deposits in accounts that average about $1,000 each while making various loans that average about...

An employee worked for a military contractor, performing mailroom services at a naval station. One day, after the end of work and when the mailroom was closed, she returned to retrieve something from...

Selected journal entries for the Finney Company are presented in BE2-7. Post the transactions using the standard form of account.

What is the indenture? What are protective covenants? Give some examples.

Which statement concerning accrual accounting is true? Select one: O a. Profit is the excess of cash inflows from income over cash outflows for expenses. b. For most businesses the cash approach...