Wise Practice Test Exam Questions with 100% Correct Answers

Wise Practice Test Exam Questions with 100% Correct Answers If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the a. U.S. Treasury Department. b. Federal Deposit Insurance Corporation. (FDIC) c. State Banking Commission. d. Federal Reserve Board. - answera. U.S. Treasury Department Patty is selling her car through a newspaper advertisement. When she finds a buyer, she wants a form of payment which is guaranteed to be good. Which form of payment should she avoid? a. Cash c. Cashier's check b. Certified check d. A check - answerd. A check Joan wants to open a checking account and wonders if checking accounts pay interest. How would you answer her question? a. All checking accounts per interest b. Some types of checking accounts pay interest c. Checking accounts never pay interest d. Checking accounts pay interest if the account balance does not fall below $300.00 - answerb. Some types of checking accounts pay interest a card issued by a financial company giving the holder an option to borrow funds or purchase goods or services on credit; they change interest and are primarily used for short-term financing - answercredit card a card used for purchases that is issued by the consumer's bank; funds are deducted from the consumer's checking account and are transferred electronically to the merchant's bank account when a purchase is made - answerdebit card Which financial product may pay a dividend? a. Savings account c. Certificate of deposit