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flexible-rate loans.
credit cards.
variable-rate savings plans.
Question 14. 14. (TCO 2) _____ refers to the business hours and
location of a financial institution and can be an important factor when it
comes to consumer selection.
Safety
Cost
Compounding
Liquidity
Convenience
Question 15. 15. (TCO 2) A saver seeking a high rate of return would
usually earn the highest rate by investing in a(n)
certificate of deposit.
debit account.
passbook account.
share account.
NOW account.
Question 16. 16. (TCO 2) U.S. savings bonds provide the following
advantage.
Interest earned is exempt from federal income taxes.
Interest earned is deferred for federal tax purposes.
A constant rate of earnings
They can be converted to other types of investments.
Question 17. 17. (TCO 2) In order to best compare the earnings for
different savings plans, one can refer to each plan's
discounted present value.