PF2: Financial Institutions
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Last updated almost 6 years ago
5 questions
1
A bank charges a borrower 6% interest on a personal loan and pays 3% interest on individual savings accounts. Why is there a difference in the two amounts of interest?
A bank charges a borrower 6% interest on a personal loan and pays 3% interest on individual savings accounts. Why is there a difference in the two amounts of interest?
1
Katherine wishes to find a financial institution that will allow her to earn interest on deposits and use a debit card. Which of the following would represent her best choices?
Katherine wishes to find a financial institution that will allow her to earn interest on deposits and use a debit card. Which of the following would represent her best choices?
1
Assume you wished to borrow $300 from a payday lender. Which of the following is the biggest drawback to this decision?
Assume you wished to borrow $300 from a payday lender. Which of the following is the biggest drawback to this decision?
1
Look at the options below. Select ALL statements that are true about credit unions.
Look at the options below. Select ALL statements that are true about credit unions.
1
Financial institutions such as banks and credit union channel funds from savers to
Financial institutions such as banks and credit union channel funds from savers to