Identify the terms and concepts defined or described below as discussed in this

Question

Identify the terms and concepts defined or described below as discussed in this chapter.

a. Investment company investing only in short-term financial instruments.
b. Interest-bearing checking accounts offered by a credit union.
c. Nonprofit associations providing financial services only to their members.
d. Depository institutions owned by their depositors.
e. Insures deposits placed in U.S. banks and savings and loan associations.
f. Deposits bearing market-sensitive interest rates and subject to withdrawal by check.
g. A leading home mortgage lender in the United States.

Explanation / Answer

A. Company is investing in some type of security that matures in less than one year. Ex: stock, CD, bonds B. Checking account that earns interest. C. Credit Union D. Bank E. FDIC " Federal Deposit Insured Corporation" F. Demand Account G. JP Morgan Chase

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.