Question

Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 per year with about $57,600 in take home pay. She rents an apartment for $1,200 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a dty about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $9,000. She has been making the minimum payments on the account of about $240 a month. She has assets of $14,000.

Answer 1

1. Depository institutions are required to accept deposits from customers and extend loads to customers, although the general term... Non-depository institutions, in contrast, accept cash contributions from their customers, but the cash flows are not called deposits; instead, they're called shares or premiums.

2. Depository institutions include Commercial Banks, savings Banks, savings and loan associations (thrifts) and credit unions.

3. A stock brokerage firm shall be approached to purchase investment advice, stocks, bonds and other investments