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1. atm a. interest rate adjusted for inflation 2. cash advance b. a mac…

Question

  1. atm a. interest rate adjusted for inflation
  2. cash advance b. a machine that lets you do bank transactions like depositing, withdrawing cash, and paying bills.
  3. check c. money is worth more now than in the future due to its earning potential.
  4. checking account d. identifies the bank on a check.
  5. commercial bank e. a member - owned financial institution providing similar services as a bank.
  6. credit union f. taking money out of a bank account.
  7. deposit g. prices of goods and services going up over time.
  8. depository institution h. advertised interest rate for a loan, without considering inflation or fees.
  9. inflation i. putting money into a bank account.
  10. nominal interest rate j. a bank operating only on the internet, without physical branches.
  11. online bank k. a written order to a bank to pay someone a certain amount from your account.
  12. overdraft l. a bank offering basic financial services to individuals and businesses.
  13. payday lender m. when theres not enough money in your account, but the bank lets a transaction go through.
  14. real interest rate n. an interest - bearing account for saving money.
  15. routing number o. offers short - term, high - interest loans based on income, to be repaid with the next paycheck.
  16. rule of 72 p. banks or credit unions offering financial services.
  17. savings account q. estimates how long it takes for an investment to double in value.
  18. time value of money r. a bank account for writing checks and making withdrawals and deposits.
  19. withdrawal s. a short - term loan allowing you to take out cash, often with high fees.

Explanation:

Brief Explanations
  1. ATM is a machine for bank - related transactions like depositing, withdrawing cash and paying bills, so it matches b.
  2. Cash advance is a short - term loan to take out cash, often with high fees, so it matches s.
  3. A check is a written order to a bank to pay someone from your account, so it matches k.
  4. A checking account is for writing checks and making withdrawals and deposits, so it matches r.
  5. A commercial bank offers basic financial services to individuals and businesses, so it matches l.
  6. A credit union is a member - owned financial institution, so it matches d.
  7. Deposit means putting money into a bank account, so it matches i.
  8. A depository institution is a bank or credit union offering financial services, so it matches p.
  9. Inflation is when prices of goods and services go up over time, so it matches g.
  10. Nominal interest rate is the advertised interest rate without considering inflation or fees, so it matches h.
  11. An online bank operates only on the internet without physical branches, so it matches j.
  12. Overdraft occurs when there's not enough money in your account but the bank lets a transaction go through, so it matches m.
  13. A payday lender offers short - term, high - interest loans based on income to be repaid with the next paycheck, so it matches o.
  14. Real interest rate is the interest rate adjusted for inflation, so it matches a.
  15. A routing number identifies the bank on a check, so it matches c.
  16. The Rule of 72 estimates how long it takes for an investment to double in value, so it matches q.
  17. A savings account is an interest - bearing account for saving money, so it matches n.
  18. The time value of money means money is worth more now than in the future due to its earning potential, so it matches c.
  19. Withdrawal is taking money out of a bank account, so it matches f.

Answer:

  1. b
  2. s
  3. k
  4. r
  5. l
  6. d
  7. i
  8. p
  9. g
  10. h
  11. j
  12. m
  13. o
  14. a
  15. c
  16. q
  17. n
  18. c
  19. f