Q.1.
What do we call a fee that is collected for using someone's money?
Q.2.
The more you add to your savings, the worse off you will be.
Q.3.
A direct deposit is when you take your paycheck directly to the bank after your receive it.
Q.4.
Credit cards and debit cards are essentially the same thing.
Q.5.
Banks offer different kinds of accounts because:
Q.6.
The higher the interest rate, the better
Q.7.
The longer the money is saved, the better
Q.8.
The more you add to yours savings, the better
Q.9.
The lower the interest rate, the better.
Q.10.
The shorter the money is saved, the better.
Q.11.
All bank transactions should be recorded in the register
Q.12.
You can continue to write checks as long as you have check in your checkbook.
Q.13.
When depositing money into an account, it is important to:
Q.14.
What do we call the amount left over from your paycheck after taxes and deductions?
Q.15.
Which services is a bank likely to offer?
Q.16.
Which one of the following are financial institutions?
Q.17.
Trade Credit is usually granted for a period ranging from
Q.18.
In a _______, a customer having a current account with the bank is allowed to overdraw his account up to a specified amount.
Q.19.
Interest is charged on the amount actually overdrawn and not on the amount sanctioned by the bank.
Q.20.
_____ implies procuring cash from a bank in exchange for credit instruments.