Banking: How to Manage Your Money 2

What is the best reason for Jacinta to have a savings account in addition to a checking account?

Sofia has saved $10,000 and wants to be sure that she is earning substantial interest on her money. Though she plans to add to her savings as her earnings increase, she wants to be able to access her money if the need should arise. Which type of account is most suitable for Sofia's needs?

Which of these is an advantage unique to checking accounts?

Where do banks get money to lend to borrowers?

Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops, but they know they will need a loan to reach their goal of one hundred twenty five shops. Which type of banking institution is most suitable for Glenn and Maggie's business?

Why is a bank a safe place to put money?

In which situation would a savings bond be the best investment to earn interest?

Which of these is the best reason for Nina to maintain up-to-date and accurate records of her bank accounts?

In which situation would a certificate of deposit (CD) be the best investment to earn interest?

This is a table that could be used to maintain a record of account transactions. It is similar to what is found in a checkbook ledger. Some of its column headings are missing. How should these columns be labeled?