Personal Finance Essay

574 words - 3 pages

| | |

Assignment 3


Save the file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1JRobinson.

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 3: Banking
(16.0 points)

1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to ...view middle of the document...

5 points)

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)

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)

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. 1.0 points)

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. 1.0 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)

Other assignments on Personal Finance

Justification Report

506 words - 3 pages To Mr.Wang According to my research to current economic journals in market, I recommend ‘American Economic Review’ as the magazine our company should order for employers to read. We are a public company; our employers should not only focus on their own work, but also have some knowledge of economic or finance to assist CEO to make right decisions for company, and enhance their comprehensive working ability. I have chosen three journals to

Bus3062 Essay

690 words - 3 pages BUS3062 Assignment 1, Week 1 1. Define the terms finance and financial management, and identify the major sub-areas of finance. Finance is the way in which money is used and handled; especially, the way in which large amounts of money are used and handled by governments and companies (Merriam-Webster, 2014). Financial Management is the planning, directing, monitoring, organizing, and controlling of the monetary resources of an


797 words - 4 pages supported with examination of relevant topics in contemporary finance. These will include an appreciation of financial terms and the interplay between the capital markets, financial managers and financial institutions. At the core of this basic understanding is knowledge of the tools used by financial managers in their decision-making. With regular reference to current issues in personal, business and international finance, these tools and terms will


450 words - 2 pages its operations in 1965, providing finance for industrial development and since then it had diversified into housing finance, consumer finance, mutual funds and now its latest venture was Life Insurance. Its foreign partner Moon Inc. was established in 1858 and had grown to be the largest life insurance and mutual fund company in the U.S. Moon Inc. had its presence in Asia since the past 75 years catering to over 1 million customers across 11

Lease Vs Finance

1443 words - 6 pages Investing: Stocks, Personal Finance & Mutual Funds at - Web. 18 Dec. 2011. <>. "Lease vs Buy? Car Leasing versus Buying Explained." Car Lease Guide - Free Guide to Smart Car Leasing - Web. 18 Dec. 2011. <>. "Lease vs. Buying a Car." Careers, Finance and Investing : Money

Global Finance

3346 words - 14 pages Global Finance, Inc. is an international organization with expansions in many states. In every state, the company has a number of sites and each site has several workers and customers. Offices are interconnected to each other and to the host organization. As an international organization, Global Finance, Inc. requires a robust network that can support its daily operations, a secure network system and efficient network management strategies

Buisness Details

762 words - 4 pages embassy with intent to locate any of his extended relatives whom shall be claimants/beneficiaries of his abandoned personal estate and all such efforts have been to no avail. I had to inform the finance company about my fruitless effort in locating my late client's close relative or his next of kin. The board of directors of the finance company now adopted a resolution and I was mandated to provide his next of kin for the payment of this money

Financial Terms And Roles

487 words - 2 pages Financial Terms and Roles Alvaro Garcia Jr. FIN/370 August 19, 2013 Dr. Rachel Ang Finance – Individuals and businesses evaluate investments and raise capital to fund them. Understanding and having knowledge of finance will benefit both personal and professional life. Efficient market – Investors respond to new information buying and selling their investments the speed with which investors act and the way that prices respond to the

Statutory & Other Restrictions On Loans & Advances

4985 words - 20 pages prizes/lottery/free trips (in India and/or abroad), etc. or any other incentives having an element of chance, except inexpensive gifts costing not more than Rs. 250/-. F) Other loans and advances i) Advances to Individuals: Banks may grant advances against the security of shares, debentures or bonds to individuals for meeting contingencies and personal needs or for subscribing to new or rights issues of shares / debentures / bonds or for

Bonds And Features

541 words - 3 pages Mashell Chapeyama Personal Finance Bonds and their features Keywords: stock, dividends, coupons Bonds A bond is an obligation to pay back a sum of money obtained from the buyer, with interest as agreed. With a bond there is an agreement to pay an agreed sum of money as interest, spread over a period of time. At the end of the period as agreed the issuer of the bond repays the buyer the principal amount. Features of bonds Nominal amount

Dear Respondents

329 words - 2 pages Dear Respondents, We are the 4th year Marketing Management students of Institute of Accounts, Business and Finance from Far Eastern University. We are conducting survey in able to achieve our requirements. The information that we’ll gather will serve as our raw data for our Feasibility Study. We are requesting you to answer the following questions for our research and we are assuring you that every detail collected will be treated at utmost

Similar Documents

Personal Finance Essay

358 words - 2 pages Associate Level Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: Developing goals. Personal financial planning. Collecting financial information. Personal finance. Which of the following is not one of

Personal Finance Essay

322 words - 2 pages . Nick Browns and Daisy both had income in 2012. Nick is a doctor for Royal hospital and made $135,000 in wages while Daisy worked as a banker and also earned annual salary of $75,000. The Browns received $4,500 in interest on savings account. They had invested in two types of bonds: 20-year corporate bond from Google and state of Pennsylvania revenue bond. During the year 2012, they received interest income from these two bonds, $1,800 from

Introductory Personal Finance Essay

1181 words - 5 pages develop a spending plan and future goals, but it also leads them to acknowledge their income accurately, and develop advanced money management skills for their future planning.(2) 000000 research shows that high school students who had a personal financial education have higher rate of saving their income in comparison to students who didn’t undertake the program.(1) For most students, over 92%, acknowledged that having good money management can

Stuff Essay

1051 words - 5 pages FP/101 FOUNDATIONS OF PERSONAL FINANCE Start Date: 04/23/2012 Print COURSE DESCRIPTION This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards