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Missed Banking And Credit Exam ?'s
Test Description: Business
Instructions: Answer all questions to get your test result.
1) The total amount of money outstanding on a loan.The original amount of the loan
A
FDIC
B
Capital
C
penalty
D
Principal
2) net worth. property owned by a person, Bank account,Saving, Investments
A
Capital
B
Principal
C
ATM
D
Capacity
3) A fee charged for the use of credit
A
Face value
B
Finance Charge
C
Financial plans
D
debit card
4) an interest rate that remains constant over the entire term of the loan
A
Fixed Interest
B
Variable interest
C
Compound interest
D
Simple interest
5) ________are charged for the use of money, usually expressed at an annual rate.
A
less risk
B
debit card
C
Interest rates
D
Unsecured
6) Credit cards are considered _________
A
FDIC
B
revolving
C
less risk
D
penalty
7) Lamar believes that interest rates are going to fall in the near future and remain low for a considerable period of time. She should invest in:
A
Interest rates
B
A long-term, fixed rate certificate of deposit
C
Certificate of deposit
D
Fixed Interest
8) The principal amount of a bond that is repaid at the end of the term
A
taxable
B
Face value
C
Finance Charge
D
penalty
9) Most ________are issued with an interest rate that is fixed , and has the most predictable income?
A
Certificate of deposit
B
Variable Interest
C
Credit union
D
Time value of money
10) Interest earned only on the original amount or principal.
A
Variable interest
B
Compound interest
C
Simple interest
D
Fixed Interest
*select an answer for all questions
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