In: Finance
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.
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.