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The three parts of the Federal Reserve System are the Reserve Banks, the Federal Open Market Committee (FOMC), and the: |
Board of Governors |
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Which of the following represent typical account fees? |
All of the above |
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Which of the following is NOT a core component of the Federal Reserve Bank? |
Department of the Treasury |
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Which of the following is a unique feature of credit unions? |
Both A and B |
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With a traditional savings account, you could be charged a fee if: |
You withdraw money too often |
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Which type of account is typically the MOST liquid? |
Checking account |
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What’s the purpose of balancing or monitoring your checking account? |
to help you calculate how much money you have in your account |
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Which type of financial institution typically has membership requirements? |
Credit Union |
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How often should you typically monitor your checking account? |
Daily |
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Which type of account will typically have the highest interest rate? |
Certificate of Deposit (CD) |
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