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5 Written questions

5 Multiple choice questions

  1. 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
  2. a rate the bank pays you for keeping your money there
  3. the money put into the bank
  4. a record of how much money a customer has put in or taken out of a bank
  5. something to place valuables in at the bank

5 True/False questions

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

          

  2. Collaterala deed to give the lender the property if the loan is not paid back

          

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

          

  4. Mortgagea deed to give the lender the property if the loan is not paid back

          

  5. Moneya deed to give the lender the property if the loan is not paid back