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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 situation where money is transferred from one bank account to another to move money around
  3. a record of how much money a customer has put in or taken out of a bank
  4. a rate the bank pays you for keeping your money there
  5. Anything accepted as a standard form of payment

5 True/False questions

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

          

  2. safety-deposit boxthe money put into the bank

          

  3. MortgageAnything accepted as a standard form of payment

          

  4. DepositAnything accepted as a standard form of payment

          

  5. Collateralsomething valuable you put up for a loan, such as a car or coin collection