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5 Written questions

5 Matching questions

  1. loan
  2. maturity
  3. on us check
  4. hold
  5. financing
  1. a the restriction of payment of part or all of the funds in an account
  2. b the date on which a note, draft, acceptance, or bond becomes due and payable
  3. c involves the purchase of, or advance of, funds arising from installment sales for a customer selling aproduct or service
  4. d a term used by a bank for a check drawn on the bank and presented to that bank for deposit or payment
  5. e business contract by which a borrower and lender enter into an agreement

5 Multiple choice questions

  1. stipulated time, following the date on which payment is due, during which no late fee is charged
  2. indicates that the drawer's account balance is less than the amount of a check or withdrawal order presented for payment
  3. program whereby a check issuer delivers the check directly to the payee's bank for credit to his or her account
  4. private and government obligations with a maturity of one year or less
  5. transfer of the possession of an item from one person to another

5 True/False questions

  1. interestthe exchange of money for a promise to repay at a later date or for an ownership share in a business venture

          

  2. interest ratethe amount paid by a borrower to a lender in exchange for the use of the lender's money over a certain period

          

  3. installment loanthe exchange of money for a promise to repay at a later date or for an ownership share in a business venture

          

  4. dissatissfied customera customer who presents problems that cannot be solved, expresses anger, or displays disruptive behavior

          

  5. ending cashcharging a fee for the use of money