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5 Written questions

5 Multiple choice questions

  1. the money taken out
  2. organization for managing money, in our economy
  3. a deed to give the lender the property if the loan is not paid back
  4. Anything accepted as a standard form of payment
  5. something valuable you put up for a loan, such as a car or coin collection

5 True/False questions

  1. Monetary SystemAnything accepted as a standard form of payment


  2. safety-deposit boxsomething to place valuables in at the bank


  3. DepositAnything accepted as a standard form of payment


  4. Electronic Funds Transfer (EFT)a situation where money is transferred from one bank account to another to move money around


  5. Bank Accountan 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


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