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Wise Financial Literacy Practice Test Questions With Complete Solutions
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Wise Financial Literacy Practice Test Questions With Complete Solutions If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the ️️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: ️️C: Give loans to consumers and businesses. The basic functions of banks and credit unions are to be an intermediary between savers and borrowers. Which financial product may pay a dividend? ️️D: Common stock. All of these types of accounts and financial products except for common stock earn interest
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Institution
Wise Financial Literacy
Course
Wise Financial Literacy
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Written for
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wise financial literacy practice test
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questions with complete solutions
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