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of 23 available terms

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5 Written Questions

5 Matching Questions

  1. interest
  2. loan
  3. dissatissfied customer
  4. financing
  5. grace period
  1. a a result of unmet customer expectations and a cause of reduced business
  2. b involves the purchase of, or advance of, funds arising from installment sales for a customer selling aproduct or service
  3. c the amount paid by a borrower to a lender in exchange for the use of the lender's money over a certain period
  4. d stipulated time, following the date on which payment is due, during which no late fee is charged
  5. e business contract by which a borrower and lender enter into an agreement

5 Multiple Choice Questions

  1. charging a fee for the use of money
  2. the restriction of payment of part or all of the funds in an account
  3. person who signs and delivers (executes) a note or other promise to pay
  4. the date on which a note, draft, acceptance, or bond becomes due and payable
  5. to leave money or items with a bank for credit to a bank account

5 True/False Questions

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

          

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

          

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

          

  4. money market instrumentsprivate and government obligations with a maturity of one year or less

          

  5. investmentthe 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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