Financial Institutions

Which is the best description of a 'money market'

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

• Any place where buyers and sellers come together.

• The exchanges made in an economy for goods and services.

• A financial institution where investors can make deposits.

Payment made for the use of borrowed money is called

• Financial Institution
• Creditors
• Interest
• Secured

Who pays interest on a loan

• a lender
•  a borrower
• a credit union
• a creditor

Banks provide which of the following EXCEPT

• debit cards

• loans

• check writing services

• government subsidies

A credit union...

• is a financial institution that focuses on taking deposits and using them to fund mortgages.
• is a non-profit institution owned by its members and provides financial services to its members.
• offers a broad range of deposit account and gives loans to individuals and businesses. 
• is a financial institution for students only

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

• Share/stock

• 401K

• Bond

Persons or institutions to whom money is owed

• Financial Institutions
• Interest
• Creditors
• Collateral

Money added into a bank account.

• withdraw

• deposit

• cash

• cheque

Why do banks seek to increase the size of their deposits?

• To build larger bank buildings.

• To put pressure on government officials.

• To increase their capacity to lend.

• To allow for more investments.

• To pay bank employees more.

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