G.K. Questions on Banking
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When selecting a bank, you should consider , (check all that apply)
correctchoice bill pay
you like the workers
private goods & services
PIN stands for
Portable identification number
Permanent identification number
Personal identification number
none of above
The maximum amount of money a creditor will lend you is called
a stream of credit
a line of credit
a string of credit
What is the role of a loan officer?
To give loans to people
To create savings accounts
To make sure that people are given loan based on their ability to pay it back
To take loans from customers
The short lines above and below the staff are called
Banks earn profits by selling ..... with attractive combinations of liquidity, risk, and return, and using the proceeds to buy ..... with a different set of characteristics.
..... is a bank that, among other things, can lend money to other banks.
Department of the Interior
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years? (I=prt, then add I to p to get the answer)