Personal Finance

Personal Finance


K
Asked by 3 months ago
5 points

I already have some of the first part filled out but I really need the rest by like tonight.

Instructions Save the assignment to your computer with your name at the end of the filename (e.g., Graded_Assignment_U14_Alice_Jones.doc). Type the answers to the assignment's questions. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Total score: ____ of 16 points

(Score for Question 1: ___ of 5.0 points) 1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®. (a) What is the name of the bank or credit union? (0.5 points) JPMorgan Chase® (b) List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points) Earns Interest, Online and Mobile banking, FDIC insurance protection (c) List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points) You can have High school checking for 13-17 with parent. College checking for students starting in college. Have access to Chase DepositFriendlyЅϺ ATM machines. (d) Does this bank or credit union offer online banking? (0.5 points) YES (e) Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.0 points)

(Score for Question 2: ___ of 4.0 points) 2. Visit the website of a second large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. (a) What is the name of the bank or credit union? (0.5 points) (b) List three differences you found between the accounts and features this bank or credit union offers and the bank from question 1 above. (1-3 sentences. 1.0 points) (c) Which of the two banks or credit unions that you researched would you be most likely to choose to open an account with? Why? (2-4 sentences. 2.5 points)

(Score for Question 3: ___ of 1.0 points) 3. What type of bank risk would worry you the most as an account holder? How should the bank protect itself against that risk? (2-4 sentences)

(Score for Question 4: ___ of 1.0 points) 4. 4. If you had a bank account, which two methods of completing transactions do you think you would use most frequently? Why? (2-4 sentences)

(Score for Question 5: ___ of 5.0 points) 5. In your Section_3 folder, navigate to and open the Example_Check_Register and Example_Bank_Statement, and then answer the questions below. (a) According to the bank statement, how many checks were written from this account during the statement period? (0.5 points) (b) There are two differences between the bank statement and the check register. Describe each of them. (2-4 sentences. 1.0 points) TIP: These are transactions that Jessie Robinson forgot to write down in the check register. (c) Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why? (2-4 sentences. 1.0 points) (d) List at least two non-discretionary expenses listed on the bank statement or check register. (1-2 sentences. 1.0 points) (e) List at least one discretionary expense listed on the bank statement or check register. (1-2 sentences. 0.5 points) (f) Describe at least one challenge of keeping a check register. (1-2 sentences. 1.0 points)

Personal Finance
Katynora

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Asked: 3 months ago

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