
Banking Products and Services
Quiz by Christi Crowe
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11 questions
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- Q1Engaged in the business of dealing with the monetary transactions of individual and commercial clientsFinancial Institutions30s
- Q2Secure means of storing money in which individuals or business can deposit or withdraw money as neededChecking Account30s
- Q3Secure means of storing money while earning interestSavings Account30s
- Q4Paid regularly at a set rateInterest fee30s
- Q5Money borrowed for personal reasons; to be repaid within a specific time frame and with added interestPersonal Loan30s
- Q6Money borrowed for business reasons; to be repaid within a specific time frame and with added interestBusiness Loan30s
- Q7Money borrowed for the purchase of real estate; to be repaid within a specific time frame and with added interestMortgage Loan30s
- Q8Money borrowed for the purchase of a vehicle; to be repaid within a specific time frame and with added interestAuto Loan30s
- Q9Allows an individual to borrow against their home's value to finance major expenses; to be repaid within a specific time frame and with added interestHome Equity Loan30s
- Q10Form of payment in which customers draw money directly from their checking accountDebit Card30s
- Q11Form of payment in which customers borrow money from a financial institution up to a certain limit, with added interestCredit Card30s