Question 31 1 out of 1 points_____ allow consumers to perform an ever-widening array of financial transactions from their personal or work computers. Selected Answer: Online banking servicesAnswers: Automated teller machinesMagnetic stripe readersOnline banking servicesCredit card terminalsAutomated clearinghouses Question 32 1 out of 1 points_____ are businesses that offer short-term loans at substantially higher rates of interest than banks.
Question 33 1 out of 1 points A credit union is owned and controlled by the government. Question 34 1 out of 1 points Which of the following is a peer-to-peer lender? Question 35
0 out of 1 points _____ are similar to interest-bearing checking accounts, but with more restrictions. Selected Answer: Current accountsAnswers: Savings accountNegotiable Order of Withdrawal accountsMoney market accountsChecking accountsCurrent accounts Question 36 0 out of 1 pointsA checking account at a credit union is commonly referred to as a(n) _____. Question 37 1 out of 1 points_____ are businesses that protect their clients against financial losses from certain specified risks in exchange for a fee, called a premium.
Question 38 1 out of 1 points Finance companies buy and sell stocks and bonds for their customers. Question 39 1 out of 1 pointsIf a person invests in a firm that pools funds from a large number of people and buys and professionally manages stock from a number of diversified companies, that person is investing in a(n): Selected Answer: mutual fund.Answers: individual retirement account.time deposit.mutual fund.certificate of deposit.banker's acceptance. Question 40
1 out of 1 points Why are credit cards a popular substitute for cash payments?
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- carey winset
- Business, Balance Sheet