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5 Written questions

5 Multiple choice questions

  1. the money put into the bank
  2. organization for managing money, in our economy
  3. something valuable you put up for a loan, such as a car or coin collection
  4. a loan made to an individual to pay for personal items like a car, home repairs, or a vacation
  5. a deed to give the lender the property if the loan is not paid back

5 True/False questions

  1. Line Of Creditan amount set aside by a bank for preferred customers that is available on demand. For example, a bank can issue a customer a $15,000 line of credit that can be used at any time for any purpose

          

  2. Moneya deed to give the lender the property if the loan is not paid back

          

  3. Bank Accounta record of how much money a customer has put in or taken out of a bank

          

  4. Monetary Systemgoods and services are indirectly exchanged for money, which then can be exchanged for other goods and services

          

  5. Interesta rate the bank pays you for keeping your money there

          

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