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Banking Basics And Services Quiz! Exam

Question 1 of 3

Q1 . The business dealing with money and credit is:

Q2 . When a person publicly announces they cannot repay their loans it is called:

Q3 . The money that a person borrows from a bank or other financial institutions is called a:

Q4 . The money that a person places in a bank account for the bank to use to invest and that also earns interest is called a:

Q5 . A loan to pay for a home, business or other real estates over a period of time is a:

Q6 . Opening a checking account requires completing a signature card.

Q7 . In financial transactions, a CD is a:

Q8 . A ____________________ is used to add funds to a bank account.

Q9 . The amount of money a bank charges for the privilege of allowing a person to borrow money or the amount of money the bank pays a person to deposit his money for the bank to invest is called?

Q10 . A service charge on your bank statement will result in:

Q11 . A pawnshop offers loans to people starting their own business.

Q12 . Groups of people such as workers who pool their money together for savings and to make loans is called a:

Q13 . A blank endorsement allows anyone to cash a check.

Q14 . A outstanding check refers to one written on an account with a very low balance.

Q15 . Negative financial information can stay on your credit report for?

Q16 . A credit report is:

Q17 . The business dealing with money and credit is:

Q18 . When a person publicly announces they cannot repay their loans it is called:

Q19 . The money that a person borrows from a bank or other financial institutions is called a:

Q20 . The money that a person places in a bank account for the bank to use to invest and that also earns interest is called a:

Q21 . A loan to pay for a home, business or other real estates over a period of time is a:

Q22 . Opening a checking account requires completing a signature card.

Q23 . In financial transactions, a CD is a:

Q24 . A ____________________ is used to add funds to a bank account.

Q25 . The amount of money a bank charges for the privilege of allowing a person to borrow money or the amount of money the bank pays a person to deposit his money for the bank to invest is called?

Q26 . A service charge on your bank statement will result in:

Q27 . A pawnshop offers loans to people starting their own business.

Q28 . Groups of people such as workers who pool their money together for savings and to make loans is called a:

Q29 . A blank endorsement allows anyone to cash a check.

Q30 . A outstanding check refers to one written on an account with a very low balance.

Q31 . Negative financial information can stay on your credit report for?

Q32 . A credit report is: