Which defines a bank as used in finance? (1 point) Responses
a depository account
the land alongside or sloping down to a river or lake
to tilt or cause to tilt sideways in making a turn
a financial institution where customers deposit money, withdraw previously deposited money, and borrow money through loans fund
a financial institution where customers deposit money, withdraw previously deposited money, and borrow money through loans fund
Which of the following statements are true? Select the two correct answers. (1 point)
Responses
Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted.
Credit cards are the same thing as debit cards.
Banks issue credit cards as well as debit cards.
A credit card from a bank is linked to the user’s checking account.
You can never use a store credit card anywhere else.
- Store credit cards co-branded with VISA, Mastercard, or Discover can be used anywhere that those cards are accepted.
- Banks issue credit cards as well as debit cards.
Which is the best description of services offered by a consumer bank? (1 point)
Responses
business planning and counseling
implementation of economic policy for the government though managing money supply
high-end wealth management services and investment counseling
depository accounts, loans, mortgages, credit cards, safety deposit boxes
depository accounts, loans, mortgages, credit cards, safety deposit boxes
What is the difference between a charge card and a credit card?(1 point)
Responses
A charge card is issued by a bank while a credit card is issued by a merchant.
A charge card has a revolving line of credit while a credit card is paid off each month.
A charge card has zero interest while a credit card has a high interest.
A charge card is paid off each month while a credit card has a revolving credit line.
A charge card is paid off each month while a credit card has a revolving credit line.
Which choice is an example of a charge card? (1 point) Responses
American Express
VISA
Mastercard
Discover