G.K. Questions on Banking
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a place of residence
In a circular flow of money, .....produce the funds that individual returns to the traders.
What is the act of paying money back after attending a college/university.
Applying for a Loan
Which of the following bank(s) do(es) provide loan services to their shareholders only?
Money placed in a bank or some financial institution.
Why would a savings account be used to hold money instead of a checking account?
To earn a higher interest rate
To make automated car payments
For additional FDIC protection
Under Group assurance health plan, if the Restored Sum Insured is not utilized in a policy year, it will not be carried forward to any subsequent policy year
A business or financial institution that stores and manages money for individuals and other businesses:
Check Cashing Center
Overdrawn savings acccount
People spending more than they are making.
People placing more in their checking than savings.