NAME: ________________________

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of 23 available terms

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5 Written Questions

5 Matching Questions

  1. lending
  2. investment
  3. hold
  4. loan
  5. difficult customer
  1. a business contract by which a borrower and lender enter into an agreement
  2. b the exchange of money for a promise to repay at a later date or for an ownership share in a business venture
  3. c the restriction of payment of part or all of the funds in an account
  4. d a customer who presents problems that cannot be solved, expresses anger, or displays disruptive behavior
  5. e charging a fee for the use of money

5 Multiple Choice Questions

  1. person who signs and delivers (executes) a note or other promise to pay
  2. stipulated time, following the date on which payment is due, during which no late fee is charged
  3. a bank's term for a check presented to it for deposit or payment but drawn on another bank
  4. indicates that the drawer's account balance is less than the amount of a check or withdrawal order presented for payment
  5. involves the purchase of, or advance of, funds arising from installment sales for a customer selling aproduct or service

5 True/False Questions

  1. dissatissfied customera customer who presents problems that cannot be solved, expresses anger, or displays disruptive behavior

          

  2. ending cashcharging a fee for the use of money

          

  3. direct depositprogram whereby a check issuer delivers the check directly to the payee's bank for credit to his or her account

          

  4. on us checka term used by a bank for a check drawn on the bank and presented to that bank for deposit or payment

          

  5. money market instrumentsthe exchange of money for a promise to repay at a later date or for an ownership share in a business venture

          

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