Personal Finance FAQs

  1. Were collateralized mortgage obligations (CMOs) responsible for the financial crisis of 2008?

  2. What should ordinary borrowers know about the prime rate?

  3. What is the importance of residual value in an automobile lease?

  4. How can an investor reduce interest rate risk?

  5. How do prepaid debit cards work?

  6. What do mortgage lenders use the securitization food chain?

  7. How do I get a higher limit on my credit cards?

  8. Why should I keep track of my insurance policy?

  9. Where are secured credit cards accepted?

  10. Do prepaid Credit Cards have monthly fees?

  11. Do mortgage escrow accounts earn interest?

  12. What are the most common interview questions for banking / finance jobs?

  13. What's the average hourly wage of waiters and bartenders before tips

  14. How many attempts at the series 7 test are permitted?

  15. Does shopping for the best interest rate affect my credit score?

  16. What role did securitization play in the U.S. subprime mortgage crisis?

  17. Do all banks use the Five Cs of Credit when evaluating potential borrowers?

  18. How do frequent flier mile programs affect the profitability of an airline?

  19. What are some famous scandals that demonstrate the agency problem?

  20. What is the difference between a savings & loan company and a bank?

  21. What's the difference between a collateralized debt obligation (CDO) and a collateralized mortgage obligation (CMO)?

  22. What months of the year typically have the highest float?

  23. Why do MBS (mortgage-backed securities) still exist if they created so much trouble in 2008?

  24. Are all mortgage backed securities (MBS) also collateralized debt obligations (CDO)?

  25. In what ways has technology helped to reduce float?

  26. What should you bring to a bank to open a checking account?

  27. What are the pros and cons of getting installment credit to pay off your revolving debt?

  28. What does it mean when interest "accrues daily?"

  29. How do commercial banks make money?

  30. What is the most important "C" in the Five Cs of Credit?

  31. How does accrued interest work on student loans?

  32. Should commercial and investment banks be legally separated?

  33. When did people first start using collateral to secure loans?

  34. Where did the term Magna Cum Laude originate from and why is it used in academics?

  35. How can a creditor improve its Average Collection Period?

  36. How does someone earn the designation Magna Cum Laude?

  37. How does the bank profit off of escrow accounts?

  38. How can I tell if a loan uses simple or compound interest?

  39. What are the best ways to pay off my mortgage quickly?

  40. How can I get a standby letter of credit?

  41. What are the pros and cons of a simple-interest mortgage?

  42. What level of default rate is typical for the credit services industry?

  43. How can investors in the Internet sector most directly profit from the growth of e-commerce?

  44. Why are most brokerage firms owned by banks?

  45. What country spends the most on military and defense?

  46. When does cyclical unemployment become structural unemployment?

  47. What is the most effective way to write a successful budget?

  48. What is the use of having revolving credit if your credit score suffers for using it?

  49. Why do high profiting sales mitigate credit risk?

  50. What country spends the most on education?

  51. How do I apply to work in the securities industry?

  52. What's the average salary of a human resources (HR) specialist?

  53. How do I find out my bank's bid-ask spread for currency conversions?

  54. Do minimum wage laws make labor a fixed or variable cost?

  55. What is the difference between APR and APY?

  56. Do lenders offer floating APRs?

  57. What are common factors that lower your net worth?

  58. What are the reasons that cause investment bankers to fail in their careers?

  59. How should you choose the amortization period for your mortgage?

  60. What is the key to finding your ideal mortgage?

  61. What's the average salary of a bank teller?

  62. What are the pros and cons of digital gift cards (e-gift cards)?

  63. What US banks offer free checking accounts?

  64. How did the ABX index behave during the 2008 subprime mortgage crisis?

  65. What's the average salary of a business operations manager?

  66. What's the average salary of an operations research analyst?

  67. What's the average salary of a compliance officer?

  68. What's the average salary of a bill collector?

  69. What are the reasons that cause financial advisors to fail in their careers?

  70. What's the average salary of an audit clerk?

  71. What's the average salary of someone with a finance major?

  72. Can I get a balance transfer if I have bad credit?

  73. How do balance transfers affect my credit score?

  74. When is a balance transfer a good idea for paying off debt?

  75. Does inflation favor lenders or borrowers?

  76. How does interest work on a cash advance from my credit card?

  77. What's the difference between a grace period and a deferment?

  78. What's the difference between a balance transfer and a cash advance?

  79. What's the difference between a grace period and a moratorium period?

  80. What is the difference between certified and non-certified private student loans?

  81. What are the pros and cons of consolidating my student loans?

  82. What’s the difference between overdraft protection and overdraft settings?

  83. How does applying for student loans hurt my credit score?

  84. What transactions cannot be made using prepaid credit cards?

  85. How do I check the balance on my prepaid credit card?

  86. What are the most common sources of funds given in a financial aid award letter?

  87. What are some examples of overdraft protection?

  88. What are the differences between payday loans and cash advances?

  89. What are the advantages of applying for a private student loan with a creditworthy cosigner?

  90. What is the difference between student loan default and delinquency?

  91. What's the difference between a secured line of credit and an unsecured line of credit?

  92. What are some good alternatives to taking out a line of credit?

  93. What is the difference between a loan and a line of credit?

  94. What is the difference between secured and unsecured debts?

  95. What's the difference between debt consolidation and debt management or debt settlement?

  96. What are the differences between revolving credit and installment credit?

  97. What are some examples of good situations in which to use revolving credit?

  98. What's the difference between debt consolidation and debt settlement?

  99. Is a home equity loan a good way to pay off my credit card debt?

  100. What are the differences between the three national credit bureaus?

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