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5 Written questions

5 Multiple choice questions

  1. a loan made to an individual to pay for personal items like a car, home repairs, or a vacation
  2. the money put into the bank
  3. a situation where money is transferred from one bank account to another to move money around
  4. responsible for controlling the amount of money in circulation
  5. the money taken out

5 True/False questions

  1. MortgageAnything accepted as a standard form of payment


  2. Collateralthe money taken out


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


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


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


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