NAME: ________________________

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of 15 available terms

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5 Written Questions

5 Multiple Choice Questions

  1. organization for managing money, in our economy
  2. Anything accepted as a standard form of payment
  3. 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
  4. a deed to give the lender the property if the loan is not paid back
  5. a situation where money is transferred from one bank account to another to move money around

5 True/False Questions

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


  2. Commercial Loana loan made to an individual to pay for personal items like a car, home repairs, or a vacation


  3. Federal Reserve Systemgoods and services are indirectly exchanged for money, which then can be exchanged for other goods and services


  4. safety-deposit boxthe money put into the bank


  5. Individual Loana loan made to businesses to buy supplies and equipment


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