
ESP111.UNIT12
Authored by Nhuan Truong
Other
University
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes the ease with which assets can be converted to cash?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If someone uses their car as security to get a loan, what is this security called?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A borrower has agreed to repay a lender over time for purchasing a property. What type of loan is this?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a purchase is made exceeding the funds in a checking account without overdraft protection?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If someone needs an account mainly for daily transactions, which type should they open?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account type limits the number of monthly withdrawals to encourage saving?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term describes a bank’s ability to cover potential losses and avoid failure?
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