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Unformatted text preview: Multiple Choice Quiz (See related pages) 1 CORRECT Which of the following would be a financial service for short-term needs? A) U.S. Savings Bond B) Individual Retirement Account C) Car insurance D) Regular checking account E) All of the above Feedback: You are correct. 2 CORRECT A certificate of deposit that starts with a higher initial interest rate and which has a longer time to maturity but which can be retired by the financial institution is: A) A rising or bump-up CD. B) A stock-indexed CD. C) A callable CD. D) A global CD. E) None of the above. Feedback: You are correct. 3 CORRECT What type of financial institution makes loans to consumers and small businesses. This type of financial institution has short and intermediate term loans with a higher interest rate than other types of financial institutions. It can be easier for people with no credit history or a bad credit history to get a loan from this type of institution.interest rate than other types of financial institutions....
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- Fall '11