Question: What does it mean? Match the terms relating to managing your cash and savings accounts on the right with the descriptions of the terms on

What does it mean?
Match the terms relating to managing your cash and savings accounts on the right with the descriptions of the terms on the left. (Note: These are not necessarily complete definitions, but there is only one correct answerfor each term.)
DescriptionTermAccrual-type securities earning interest at a fixed rate for 30 years.This refers to an insurance program that protects depositor funds against the failure of the insured depository institution.The name given to the earnings on an amount which is determined based on the interest rate applied only to the initial deposit.A deposit held in a financial institution for a fixed period of time. Usually depositors can withdraw the money from the account after the committed time period.The process of verifying accuracy by comparing the balance on the check register, or ledger with the balance on the banks statements.

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!