Free Financial CFSA Exam Questions (page: 22)

QUESTION: 80
Some small businesses keep funds in a savings account to gain interest on:

A. Fixed assets
B. Liquid assets
C. Loans
D. Al of these

Answer(s): B
QUESTION: 81
Which one of the following generally pays higher rates of interest than saving accounts?

A. Money market deposit accounts
B. Certificates of deposit
C. Term loans
D. Asset-based financing

Answer(s): B
QUESTION: 82
Interest rates offered on new CDs changes:

A. Daily at most banks
B. Twice a day at most banks
C. Weekly at most banks
D. Monthly at most banks

Answer(s): A
QUESTION: 83
Certificates of deposit may be:

A. Bearable or registered
B. Negotiable or non-negotiable
C. None of these
D. Both of these

Answer(s): D
QUESTION: 84
Many businesses general y find CDs to be a:

A. Satisfactory money management approach
B. More than satisfactory money management approach
C. Less than satisfactory money management approach
D. Dissatisfactory money management approach

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