Certified Financial Advisor

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What are some financial services for short term needs?
- Daily purchases
- Living expense payments
- Emergency Funding
What are some financial services for long term needs?
- Major purchases
- Long term financial security
What are the four main categories of financial services that financial institutions offer?
- Savings
- Payment Services
- Borrowing
- Other Financial Services
What is a trust?

A trust is a legal agreement that provides for the management and control of assets by one party for the benefit of another
What are some examples of some deposit type institutions?
- Commercial banks
- Savings and loan associates
- Mutual savings banks
- Credit Unions
What are some examples of non deposit institutions?
- Life Insurance Companies
- Investment companies
- Finance companies
- Pawnshops
- Cheque cashing outlets
What is a money market account?

A savings account that requires a minimum balance and earns interest based on market interest rates

Author

jdbabe7

223509

Card Set

Certified Financial Advisor

Description

Analyse factors that affect selection and use of financial services Compare types of financial institutions Compare costs and benefits of various savings plans Compare cost and benefits of different chequing accounts

Updated

2013-06-12T04:38:56Z

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