Financial Institutions

Front

Which is the best description of a 'money market'?

Back

Those people and organisations who want money and the people and organisations who are willing and able to supply money.

Front

Payment made for the use of borrowed money is called

Back

Interest

Front

Who pays interest on a loan? Options: a lender, a borrower, a credit union, a creditor

Back

a borrower

Front

Banks provide which of the following EXCEPT: debit cards, loans, check writing services, government subsidies?

Back

government subsidies

Front

A credit union...

Back

is a non-profit institution owned by its members and provides financial services to its members.

Front

Piece of ownership in a company, mutual fund or other investment

Back

Share/stock

Front

Persons or institutions to whom money is owed

Back

Creditors

Front

Money added into a bank account.

Back

deposit

Front

Commercial banks earn money in all of the following ways EXCEPT: Investing in other companies, Charging fees for their services, Collecting interest on loans, Taking a percentage off of all deposits

Back

Taking a percentage off of all deposits

Front

What country was the center of European trading in the 11th century?

Back

Italy