💰🏦 Economics Money and Banks

 The difference between how much money you have and how much you owe is called

Money lent to people by a bank to make a large purchase is a

Ways banks make money

• Interest on loans

• fees on accounts

• rental for safe deposit boxes

• bartering with customers

Credit cards are used by spending money that you don't actually own.

• true

• false

Not making payments on a loan may cause the bank to ____________ on your property.

Which are examples of interest moving between banks and customers.

• the pays a small amount to your savings account

• the bank gives a customer a large sum of money for a house free of charge

• a customer pays a small amount of money to payback a loan

• a person works for a bank as a teller

Ways to prevent counterfeit bills from being produced

• color shifting ink

• watermarks

• security cameras

• ultraviolet ink

• microprinting

Which is the best term for line #1?

• expansion

• contraction

• peak

• trough

Which is the best term for line #2?

• expansion

• contraction

• peak

• trough

Which is the best term for line #3?

• expansion

• contraction

• peak

• trough