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Examen

H&R Block Quiz 1 Comprehensive Questions (Frequently Tested) with Verified Answers Graded A+

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Escrito en
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H&R Block Quiz 1 Comprehensive Questions (Frequently Tested) with Verified Answers Graded A+

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Subido en
28 de julio de 2025
Número de páginas
4
Escrito en
2024/2025
Tipo
Examen
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H&R Block Quiz 1
Comprehensive Questions
(Frequently Tested) with
Verified Answers Graded A+
Which is a difference between credit unions and consumer banks? - Answer: Credit unions are
not open to all members of the public.



Which is a drawback of virtual (internet only) banks? - Answer: Some financial transactions can
only be done in person, not virtually.



Which is an advantage to having an account at a consumer bank instead of a credit union? -
Answer: Consumer banks often offer more financial services than credit unions.



When opening a checking or share draft account, which would likely be the most important
consideration? - Answer: What types of fees are charged for maintaining and using the account?



A person has $4000 to put into savings. Assuming all options were offered by the same
institution, which account is likely to offer the highest interest rate? - Answer: Certificate of
deposit -early payment penalty withdrawal (much higher interest)



Which account offers the most liquidity? - Answer: Checking account

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