1. Which of the following is a product or service typically offered by banks?
Correct!
Wrong!
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2. If you write a check but don’t have the funds in your account to cover it, which of the following could happen?
Correct!
Wrong!
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3. You’re considering taking a personal loan to consolidate debt. The two banks you spoke with both told you the interest rate on the loan you are considering is 7 percent, yet one is quoting you a higher annual percentage rate (APR) on the loan. This is likely because:
Correct!
Wrong!
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4. The program banks use to screen for negative banking history is called:
Correct!
Wrong!
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5. The federal agency that insures bank deposits is:
Correct!
Wrong!
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6. To open a bank account, you’ll generally need to provide which of the following:
Correct!
Wrong!
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7. When considering whether to open an account with a bank or a credit union you should consider that:
Correct!
Wrong!
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