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5 Written questions

5 Multiple choice questions

  1. a record of how much money a customer has put in or taken out of a bank
  2. something to place valuables in at the bank
  3. 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
  4. a situation where money is transferred from one bank account to another to move money around
  5. a loan made to an individual to pay for personal items like a car, home repairs, or a vacation

5 True/False questions

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

          

  2. Federal Reserve Systemresponsible for controlling the amount of money in circulation

          

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

          

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

          

  5. Commercial Loana loan made to businesses to buy supplies and equipment

          

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