Question

jeremy withdraws cash from an ATM that is not his own bank's 6 times a month. He pays $1.25 per transaction. if this pattern is consistent across a year, what will his yearly cost be?
a) $90.00
b) $45.00
c) $15.00
d) $7.50

marley decides to invest in a Tax Free savings account, which offered him 3.8%yr compounded daily. he deposited $3500 and it stayed in his account for 4 years. how much interest did he earn?
a) $574.53
b) $446.22
c) $422.61
d) $328.30

Answer 1

And your answers are?

Answer 2

A and D is that correct?

Answer 3

A is correct for 1.

I don't know the answer for 2.

Answer 4

ok can u check my answers for some other questions??

Answer 5

I'll try.

Answer 6

which of the following services do banks not provide?
a. lines of credit
b. health insurance
c. currency exchange
d. none of above (THIS ONE)

which institutions does not offer RRSPs?
a. bank
b. credit union
c. trust company (THIS ONE)
d. investment company

what is the one of the main services of a trust company?
a. chequing and savings account
b. bill payment
c. managing and invest assest (THIS ONE)
d. RRSP's and GICs

where would someone go to look for wealth management advice?
a. bank
b. trust company
c. investment company (THIS ONE)
d. all of the above

what can debit cards be used for?
a. accessing a bank account by phone
b. pay for services
c. transferring money between accounts
d. all of above (THIS ONE)

which of the following statements is true?
a. transaction with cheques and debit cards are recorded electronically, automatically
b. you need I.D to use a cheque at a store but not a debit card
c. cheques are more widely accepted in stores than debit cards
d. none of the above (THIS ONE)

which of the following is not a disadvantage of using a debit card?
a. can be lost or stolen (THIS ONE)
b. interest charges
c. PIN may be hard to remember
d. may have fees

which of the following statement is false?
a. online banking allows banking after business hours
b. both a debit card and password are required for online banking
c. banking online is expensive (THIS ONE)
d. bills paid online on the weekend are not processed until the next working day

which of the following is not an advantage of online banking?
a. 24.7
b. instant access to accounts
c. able to deposit and withdraw money (THIS ONE)
d. accessible from anywhere

Answer 7

I just realized these are about Canadian financial services. I'm sorry, but I know nothing about them.

You might try posting these last questions with this subject line: Canadian finances.

Answer 8

okay thank u for helping

Answer 9

i = .038/365
n= 365(4) = 1460
principal = 3500

amount = 3500( 1 + .038/365)^1460
= 4074.53

So interest earned = 4074/53-3500 = 574.53 which is choice a)