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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 taken out
  3. goods and services are indirectly exchanged for money, which then can be exchanged for other goods and services
  4. responsible for controlling the amount of money in circulation
  5. the money put into the bank

5 True/False questions

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

          

  2. MoneyAnything accepted as a standard form of payment

          

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

          

  4. Interesta rate the bank pays you for keeping your money there

          

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