Exam (elaborations)
Wise Financial Literacy Practice Test Correct 100%
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If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - ANSWER A: US Treasury Department. In order to track large deposits, the federal government requires that deposits of $10,000 or more be reported to the Treasury Department. Banks use savings account deposits to: - ANSWER C: Give loans to consumers and businesses. The basic functions of banks and credit unions are to be an intermediary between savers and borrowers.
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WISE Financial Literacy
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WISE Financial Literacy
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Written for
- Institution
- WISE Financial Literacy
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- WISE Financial Literacy
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- Uploaded on
- June 10, 2024
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- Written in
- 2023/2024
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- Questions & answers
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- wise financial literacy
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wise financial literacy practice test correct 100
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if a person makes a deposit of 10000 or more int
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banks use savings account deposits to answer c
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