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