1. what does reconciling an account involve?

a. checking one's financial records against the bank’s

b. making sure a paycheck arrives on time

c. calculating the interest owed on a savings account

d. identifying instances of identity theft

2.which of these is a characteristic of certificates of deposit (cds)?

a. they are always offered at variable rates.

b. they last for a set period of time.

c. they can be opened with any amount of money.

d. they allow access to the money without penalty.

1. The answer is "A. checking one's financial records against the bank’s".

Reconciling an account frequently implies demonstrating or reporting that a record balance is right. For instance, we accommodate the parity in the general record account Cash in Checking to the equalization appeared on the bank articulation. The goal is to report the right sum in the general record account Cash in Checking. You will regularly need to modify the general record account balance for things showing up on the bank explanation that were not entered in the general record account.  

2. The answer is "b. They last for a set period of time".

A certificate of deposit (CD) is a funds declaration with a settled development date and indicated settled financing cost that can be issued in any category beside least venture necessities. A CD confines access to the assets until the point that the development date of the venture. Certificates of deposit are for the most part issued by commercial banks and are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per person.  

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