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5 Written questions

5 Matching questions

  1. interest rate
  2. deposit
  3. lending
  4. financing
  5. maturity
  1. a involves the purchase of, or advance of, funds arising from installment sales for a customer selling aproduct or service
  2. b charging a fee for the use of money
  3. c the date on which a note, draft, acceptance, or bond becomes due and payable
  4. d the percentage rate charged for the use of money, usually quoted on an annual basis
  5. e to leave money or items with a bank for credit to a bank account

5 Multiple choice questions

  1. a term used by a bank for a check drawn on the bank and presented to that bank for deposit or payment
  2. stipulated time, following the date on which payment is due, during which no late fee is charged
  3. program whereby a check issuer delivers the check directly to the payee's bank for credit to his or her account
  4. the exchange of money for a promise to repay at a later date or for an ownership share in a business venture
  5. cash in teller's drawer at the end of the day

5 True/False questions

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


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


  3. holdthe restriction of payment of part or all of the funds in an account


  4. nonsufficient funds (nsf)a customer who presents problems that cannot be solved, expresses anger, or displays disruptive behavior


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


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