1. A credit union differs from a commercial bank because it:
Money & Finance
  1. is owned by its member-savers and returns surpluses to them
  2. has no members
  3. is owned by foreign shareholders only
  4. cannot make loans
2. Collateral is:
Money & Finance
  1. a type of tax
  2. an asset pledged as security for a loan
  3. free money
  4. a bank fee
3. A current (chequing) account differs from a savings account because it:
Money & Finance
  1. earns the highest interest
  2. allows frequent withdrawals and payments, usually with little or no interest
  3. cannot be accessed
  4. is only for children
4. The Caribbean institution that issues a nation's currency and supervises banks is the:
Money & Finance
  1. credit union
  2. central bank
  3. stock exchange
  4. insurance company
5. Barter is inefficient mainly because it requires:
Money & Finance
  1. banks
  2. a double coincidence of wants
  3. paper money
  4. credit cards
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