BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 30

depositors.
community in which it operates.
Question 14.14. (TCO 2) _____ are the major products offered by
investment companies.
Interest-bearing checking accounts
Variable-rate loans
Credit card accounts
Savings bonds
Mutual funds
Question 15.15. (TCO 2) One of the characteristics of a certificate of
deposit is that it can have
high interest-rate risk.
low safety for savers.
limited liquidity.
a variable rate of return.
no minimum deposit amount.
----------------------------------------------------------------------------
BUSN 380 Week 3 Problem Set 3
For more course tutorials visit
www.uophelp.com
Problem Set 3
1. Louise McIntyre’s monthly gross income is $2,000. Her employer
withholds $400 in federal, state, and local income taxes and $160 in
Social Security taxes per month. Louise contributes $80 per month for