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5 Written questions

5 Matching questions

  1. maker
  2. ending cash
  3. maturity
  4. investment
  5. interest
  1. a the amount paid by a borrower to a lender in exchange for the use of the lender's money over a certain period
  2. b person who signs and delivers (executes) a note or other promise to pay
  3. c cash in teller's drawer at the end of the day
  4. d the date on which a note, draft, acceptance, or bond becomes due and payable
  5. e the exchange of money for a promise to repay at a later date or for an ownership share in a business venture

5 Multiple choice questions

  1. stipulated time, following the date on which payment is due, during which no late fee is charged
  2. involves the purchase of, or advance of, funds arising from installment sales for a customer selling aproduct or service
  3. private and government obligations with a maturity of one year or less
  4. a deposit account from which funds can be drawn by writing a check
  5. loan on which the principal and the finance charges are repaid in fixed payments for a predetermined number of months

5 True/False questions

  1. on us checka bank's term for a check presented to it for deposit or payment but drawn on another bank


  2. direct depositprogram whereby a check issuer delivers the check directly to the payee's bank for credit to his or her account


  3. holdbusiness contract by which a borrower and lender enter into an agreement


  4. Deliverytransfer of the possession of an item from one person to another


  5. interest ratethe percentage rate charged for the use of money, usually quoted on an annual basis