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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
Principal
B
penalty
C
FDIC
D
Capital
2) net worth. property owned by a person, Bank account,Saving, Investments
A
Capital
B
Capacity
C
ATM
D
Principal
3) A fee charged for the use of credit
A
Face value
B
Finance Charge
C
debit card
D
Financial plans
4) an interest rate that remains constant over the entire term of the loan
A
Simple interest
B
Fixed Interest
C
Compound interest
D
Variable interest
5) ________are charged for the use of money, usually expressed at an annual rate.
A
debit card
B
Unsecured
C
less risk
D
Interest rates
6) Credit cards are considered _________
A
revolving
B
less risk
C
penalty
D
FDIC
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
Fixed Interest
B
A long-term, fixed rate certificate of deposit
C
Certificate of deposit
D
Interest rates
8) The principal amount of a bond that is repaid at the end of the term
A
Face value
B
taxable
C
penalty
D
Finance Charge
9) Most ________are issued with an interest rate that is fixed , and has the most predictable income?
A
Certificate of deposit
B
Time value of money
C
Credit union
D
Variable Interest
10) Interest earned only on the original amount or principal.
A
Variable interest
B
Fixed Interest
C
Compound interest
D
Simple interest
*select an answer for all questions
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