Presidents
Money
Money
President on the $10 bill
Alexander Hamilton
What is a star note?
When a bill is damaged in printing it is normally replaced by another one (the star replaces a letter at the edge of the note).
You have a joint account and the joint owner passes away
Depends on the state and if they have right of survivorship or not
Sole Proprietor passes away
If a business is a sole proprietorship, it ceases to operate upon the owner's death.
What does APY stand for
Annual Percentage Yield
President on the $20 bill
Andrew Jackson
Name the US coins that are no longer in circulation that are less than a dime
HINT: There are 4 of them
You don't have a will and live in NC
If the decedent had two children, the surviving spouse will only receive a one-third interest in the real property. If you die without a surviving spouse, your assets will generally pass to your children. If you have no children, your parents will receive the estate.
Your CD matures and you don't renew it
What is simple interest?
interest that doesn't build on itself, so you earn the same amount of interest every period.
President on a dime
DAILY DOUBLE
Who was the first and only woman to be featured as the primary portrait on U.S. paper currency
Bonus- Name the bill
Martha Washington- $1 Silver Certificate in 1886-1957
Owner passes and the business is a corporation or an S corporation
the estate becomes the new owner of the business.
You have a US saving bond that is an EE bond and it 32 years old
Which APY is better- one that compounds daily or one that compounds monthly
Daily- ex: if you invested $10k and added $100 a month for 5 years at the same rate of 2% APY but compounded daily vs monthly you would earn an extra $6.23 in the end
President on the $500bill
William McKinley
What is the most uncommon US coin
1849 Double Eagle Gold Coin- The one remaining specimen is carefully preserved at National Numismatic Collections at the Smithsonian Institution. The 1849 Double Eagle is currently the rarest and most valuable coin in the world, with an estimated value of around $20 million.
You pass away and have a domestic partner but are not married
The state of North Carolina does not recognize any domestic partnerships- the living partner does not receive any automatic legal right to their deceased partner's property or assets.
You have inherited stock from a deceased family member
You would need a Medallion Signature Guarantee from a financial institution and paperwork to change to your name and/or cash out
APY reflects the total amount of interest you earn on money in an account over one year, while an interest rate is the rate at which interest is earned on the original amount.
President on the $1000 bill
Alexander Hamilton / Grover Cleveland
Largest paper denomination in US currency
BONUS- President on bill
Circulated for public use- $10,000 bill- Not a president- Salmon P Chase- Politician/ SOT
Non- Circulated- $100,000 bill - GOLD Certificate- Woodrow Wilson
You have a beneficiary on your Checking account but not on your savings account
The beneficiary gets the checking funds but the savings funds go to probate
You bought Bitcoin and lost your information to access your account
There is no way to recover bitcoin that is truly lost.
Is the interest rate on an account and the APY on that same account the same or different?
Typically, always different- Ex: where interest is compounded monthly, the interest rate is 4.17% and APY is 4.25%.