BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 35

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.
compounded rate of return.
net present value.
annual percentage yield.
after-tax rate of return.
Question 18. 18. (TCO 2) At times, funds deposited in an account may
be restricted by_____.
a holding period
outstanding checks