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Banking Products and Services

Quiz by Christi Crowe

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11 questions
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  • Q1
    Engaged in the business of dealing with the monetary transactions of individual and commercial clients
    Financial Institutions
    30s
  • Q2
    Secure means of storing money in which individuals or business can deposit or withdraw money as needed
    Checking Account
    30s
  • Q3
    Secure means of storing money while earning interest
    Savings Account
    30s
  • Q4
    Paid regularly at a set rate
    Interest fee
    30s
  • Q5
    Money borrowed for personal reasons; to be repaid within a specific time frame and with added interest
    Personal Loan
    30s
  • Q6
    Money borrowed for business reasons; to be repaid within a specific time frame and with added interest
    Business Loan
    30s
  • Q7
    Money borrowed for the purchase of real estate; to be repaid within a specific time frame and with added interest
    Mortgage Loan
    30s
  • Q8
    Money borrowed for the purchase of a vehicle; to be repaid within a specific time frame and with added interest
    Auto Loan
    30s
  • Q9
    Allows an individual to borrow against their home's value to finance major expenses; to be repaid within a specific time frame and with added interest
    Home Equity Loan
    30s
  • Q10
    Form of payment in which customers draw money directly from their checking account
    Debit Card
    30s
  • Q11
    Form of payment in which customers borrow money from a financial institution up to a certain limit, with added interest
    Credit Card
    30s

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