NAME: ________________________

Business2 Test

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5 Written Questions

5 Multiple Choice Questions

  1. an 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. the money put into the bank
  3. organization for managing money, in our economy
  4. something valuable you put up for a loan, such as a car or coin collection
  5. responsible for controlling the amount of money in circulation

5 True/False Questions

  1. Withdrawa rate the bank pays you for keeping your money there

          

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

          

  3. Commercial Loana loan made to businesses to buy supplies and equipment

          

  4. Bank Accounta rate the bank pays you for keeping your money there

          

  5. MortgageAnything accepted as a standard form of payment

          

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