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5 Written questions

5 Multiple choice questions

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

5 True/False questions

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


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


  3. DepositAnything accepted as a standard form of payment


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


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


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