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of 23 available terms

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5 Written Questions

5 Matching Questions

  1. money market instruments
  2. on us check
  3. investment
  4. interest rate
  5. maturity
  1. a the percentage rate charged for the use of money, usually quoted on an annual basis
  2. b a term used by a bank for a check drawn on the bank and presented to that bank for deposit or payment
  3. c the date on which a note, draft, acceptance, or bond becomes due and payable
  4. d the exchange of money for a promise to repay at a later date or for an ownership share in a business venture
  5. e private and government obligations with a maturity of one year or less

5 Multiple Choice Questions

  1. the restriction of payment of part or all of the funds in an account
  2. funds that are available to the customer at any time and that require no advance notice of withdrawal, usually drawn against by writing checks
  3. indicates that the drawer's account balance is less than the amount of a check or withdrawal order presented for payment
  4. involves the purchase of, or advance of, funds arising from installment sales for a customer selling aproduct or service
  5. person who signs and delivers (executes) a note or other promise to pay

5 True/False Questions

  1. lendingcharging a fee for the use of money

          

  2. dissatissfied customera result of unmet customer expectations and a cause of reduced business

          

  3. interestthe amount paid by a borrower to a lender in exchange for the use of the lender's money over a certain period

          

  4. direct depositfunds that are available to the customer at any time and that require no advance notice of withdrawal, usually drawn against by writing checks

          

  5. ending cashcharging a fee for the use of money

          

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