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5 Written questions

5 Multiple choice questions

  1. the money taken out
  2. a loan made to an individual to pay for personal items like a car, home repairs, or a vacation
  3. responsible for controlling the amount of money in circulation
  4. Anything accepted as a standard form of payment
  5. something valuable you put up for a loan, such as a car or coin collection

5 True/False questions

  1. MortgageAnything accepted as a standard form of payment

          

  2. Line Of Creditan 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

          

  3. safety-deposit boxthe money put into the bank

          

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

          

  5. Electronic Funds Transfer (EFT)a rate the bank pays you for keeping your money there