Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Business Ch 12 Part 2
Test Description: Part 2
Instructions: Answer all questions to get your test result.
1) this type of loan is used to buy real estate like houses or business property
A
individual loan
B
commercial loan
C
mortgage
D
line of credit
2) the bank agrees to lend a specific amount of money to be used at any time for any purpose. Always available
A
individual loan
B
line of credit
C
commercial loan
D
mortgage loan
3) if you want to take out a loan for a vacation (bad idea!) you would apply for a(n)
A
mortgage loan
B
commercial loan
C
line of credit
D
individual loan
4) high interest loan where you pay the bank on the day you get paid. Used by desperate people
A
mortgage loan
B
high risk loans
C
payday loans
5) to start a commercial bank you simply need to have a location and enough money to fund deposits
A
false
B
true
C
cheese fries with ranch and bbq sauce
D
brisket sandwich slathered in bbq sauce with coleslaw
6) older style financial institutions that encouraged people to save their money in order to buy a house. Many of these failed in the 1980's
A
finance company
B
savings and loans
C
mortgage lender
D
commercial bank
7) not for profit banks set up by organizations for their customers to use. Not FDIC insured but have similar protection
A
credit unions
B
investment banks
C
member banks
D
commercial banks
8) offer short term loans to businesses and consumers but at much higher rates
A
mortgage lenders
B
commercial banks
C
insurance companies
D
finance companies
9) provide protection against things like fire and theft. These also provide loans to businesses and consumers
A
insurance companies
B
fire companies
C
theft deterrents
D
mortgage lenders
10) help you buy and sell stocks and bonds. may also offer other financial services
A
insurance companies
B
stock company
C
brokerage firms
D
day trader
11) the only thing you should even consider going into debt for is....
A
a car
B
something that will increase in value
C
a stock or bond
D
a house
12) the part of the loan that represents the amount you are borrowing
A
interest
B
lump sum
C
principal
D
amortization
13) what did we make in excel that showed every single payment over the life of the loan?
A
amortization table
B
interest paid
C
spreadsheet loan
D
loan table
14) who do the banks go to for their banking needs?
A
banking institutions
B
the fed
C
the white house
D
commercial banks
15) which of the following is not done by the federal reserve?
A
regulate their member banks
B
control the money supply
C
print money
D
cash checks for you
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?