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What is one disadvantage of getting money from a payday loan store?
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
A bank account holder typically receives a statement on a ____ basis.
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
Which term refers to the sum of money put into an account or the amount of money you borrow?
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
For how many years should you keep tax records?
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
What was one result of increased mortgage foreclosures after 2007?
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
What was the purpose of establishing the Federal Reserve Bank?
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
Which is the correct formula for calculating simple interest?
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
What is the term that describes a form of money that has intrinsic value?
principal
Payday loan stores charge much higher fees than banks.
monthly
I = PxRxT
7
tighter credit restrictions
commodity
to make funds available to banks when cash reserves were low
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