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?
- Payment Services
- 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
- 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
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