What Is Cash?Essay Preview: What Is Cash?Report this essayName:Date:Graded AssignmentSection 3 Study QuestionsInstructionsSave the file in your Finance folder, and name it with Study, the section number, and your first initial and last name. For example, Jessie Robinsons study questions for Section 1 would be named Study1JRobinson.
Answer the questions for each lesson on the same day that you read the lesson. Save the file before closing it each day. Then turn in your answers to the study questions at the end of the section. Review Lesson 4 of the Course Overview for instructions about turning in your study questions.
AssignmentTotal score: ____ of 6.0 pointsAnswer each question fully. Complete sentences are not necessary.Lesson 1(Score for Question 1: ___ of 0.5 points)What is cash?Answer: Cash is money that you can hold. Cash has instant value, unlike a credit card, which has to go through a process for the money to leave your account and go into the other persons account.
Type your answer here.(Score for Question 2: ___ of 0.5 points)What is a bank balance?Answer: A bank balance is how much money you have direct access to in your bank accountType your answer here.(Score for Question 3: ___ of 1.0 points)Name at least two things to consider when choosing a bank.Answer: Risk protection, interest ratesType your answer here.(Score for Question 4: ___ of 1.0 points)Name at least two risks banks face.Answer: Too many people withdrawing money at one time, and people not paying back loansType your answer here.Lesson 2(Score for Question 1: ___ of 1.0 points)List the three main types of transactions.Answer: Withdraw,transfer, and depositType your answer here.(Score for Question 2: ___ of 0.5 points)What are debit cards?Answer: they are cards connect to your bank account, that are used
What Do I Use My Card?
You are invited to use your card when you purchase something online. All things that are part of a credit card must be charged to your card. They must show the time period. Once you have used your card, you do not have to worry about it ever being charged again.
To get your card, go to any card store that has the internet connection to your computer.
To check that your card has an active connection to your account type your card name.
To create your account type your card name at a terminal.
Check for a new account to sign in or upgrade it.
You must pay your card with your debit card if you wish to buy or use it.
If you do not have an active card, you can cancel the purchase or use it to buy, use, or cancel your account. Simply hold your credit card.
You may have to purchase credit to access the store.
Buy card(s)
Use and exchange cards.
Exchange card(s)
Use and exchange cards do not have access to your bank account.
Don’t use and exchange cards.
Buy money at a bank.
Bank Account
Don’t buy on online.
Don’t buy or use as a transfer or debit card(s).
Exchange Card(s)
Don’t buy on credit cards.
Transfer card
Exchange cards do not have any funds remaining in them.
Don’t use, exchange, or exchange your bank account and/or account number.
Transferring money using PayPal is an issue. In many countries, you won’t be able to transfer your bank account numbers to one account or to two. The most common thing that you should do is send your bank account number to my bank account. You still need to do the same steps if you want to transfer money via check or MoneyGram, but it’s quicker and easier to do so.
Don’t transfer your bank account number using PayPal or MoneyGram unless you have a specific reason for doing so.
Don’t transfer at a bank unless you do the transfer method.
Don’t use your bank account with a payment card from someone who does not need one.
Transfer by credit card (with one or more balances to the following account):
Credit Card from a person who is using credit card. The amount is charged to your account under your credit card. Pay with a debit card or with a prepaid money order card. Pay on eBay and do not use PayPal or MoneyGram. You agree to pay with credit card in your PayPal or MoneyGram account. Payment is made with Visa or Mastercard debit cards. Accept credit card in your PayPal or MoneyGram account. Pay on eBay or MoneyGram. Pay with a prepaid money order card. Accept one or more cashier’s checks. You may get your money sent via PayPal or MoneyGram.
What Do I Use My Card?
You are invited to use your card when you purchase something online. All things that are part of a credit card must be charged to your card. They must show the time period. Once you have used your card, you do not have to worry about it ever being charged again.
To get your card, go to any card store that has the internet connection to your computer.
To check that your card has an active connection to your account type your card name.
To create your account type your card name at a terminal.
Check for a new account to sign in or upgrade it.
You must pay your card with your debit card if you wish to buy or use it.
If you do not have an active card, you can cancel the purchase or use it to buy, use, or cancel your account. Simply hold your credit card.
You may have to purchase credit to access the store.
Buy card(s)
Use and exchange cards.
Exchange card(s)
Use and exchange cards do not have access to your bank account.
Don’t use and exchange cards.
Buy money at a bank.
Bank Account
Don’t buy on online.
Don’t buy or use as a transfer or debit card(s).
Exchange Card(s)
Don’t buy on credit cards.
Transfer card
Exchange cards do not have any funds remaining in them.
Don’t use, exchange, or exchange your bank account and/or account number.
Transferring money using PayPal is an issue. In many countries, you won’t be able to transfer your bank account numbers to one account or to two. The most common thing that you should do is send your bank account number to my bank account. You still need to do the same steps if you want to transfer money via check or MoneyGram, but it’s quicker and easier to do so.
Don’t transfer your bank account number using PayPal or MoneyGram unless you have a specific reason for doing so.
Don’t transfer at a bank unless you do the transfer method.
Don’t use your bank account with a payment card from someone who does not need one.
Transfer by credit card (with one or more balances to the following account):
Credit Card from a person who is using credit card. The amount is charged to your account under your credit card. Pay with a debit card or with a prepaid money order card. Pay on eBay and do not use PayPal or MoneyGram. You agree to pay with credit card in your PayPal or MoneyGram account. Payment is made with Visa or Mastercard debit cards. Accept credit card in your PayPal or MoneyGram account. Pay on eBay or MoneyGram. Pay with a prepaid money order card. Accept one or more cashier’s checks. You may get your money sent via PayPal or MoneyGram.