Quincy put $100 in the bank and earned 25 cent in interest. What is the $100...

Quincy put $100 in the bank and earned 25 cent in interest. What is the $100 considered?

Group of answer choices

Reinvesting

Current Ratio

Principal

Present Value

The process by which Maggie manages her liquid assets is known as?

Group of answer choices

Quarterly Management

Annual Management

Management

Cash Management

Tom deposits his payroll check into a financial institutions that provide traditional checking and savings accounts. This type of institution is known as?

Group of answer choices

Credit Union

Non - Deposit - Type Financial Institutions.

Savings and Loans

Deposit - Type Financial Institutions.

Solutions

Expert Solution

Solution :

Q1. Quincy put $100 in the bank and earned 25 cents in interest. What is the $100 considered?

$100 is considered as principal and the interest earned is 25 cents

The correct answer is Principal

Q2. The process by which Maggie manages her liquid assets is known as?

Cash management is a process of managing liquidity. Liquid assets can be put in short term investment or kept as a cash this is known as cash management

Hence the correct answer is Cash Management

Q3 ) Tom deposits his payroll check into financial institutions that provide traditional checking and savings accounts. This type of institution is known as?

Deposit - Type Financial Institutions provide this facility and a common example is commercial banks that accept the deposits and provides current(checking) account for businesses and saving accounts for individuals.

Hence the correct option is Deposit - Type Financial Institutions.

jeff jeffy answered 1 year ago

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