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Which of the following is a unique feature of credit unions? |
Both A & B |
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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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Savings accounts usually offer _________ interest rates than checking accounts. It is _________ to access your money in a savings account than in a checking account. |
higher; harder |
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Which type of account typically has low liquidity? |
Certificate of Deposit (CD) |
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Which type of account is typically the MOST liquid? |
Checking account |
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How often should you typically monitor your checking account? |
Daily |
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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 of the following represent typical account fees? |
All of the above |
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Which of the following is NOT one of the responsibilities of the Federal Reserve? |
Establishing the federal budget |
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What’s the best strategy for avoiding ATM fees? |
Only use ATMs in your bank’s network |
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