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NAF TRACK EOC EXAM WITH CORRECT
QUESTIONS AND ANSWERS |
GUARANTEED PASS | NEW
Credit Union - Correct Answer-A nonprofit financial
institution that is owned by its members and organized for
their benefit. Credit unions usually offer higher rates on
deposits and charge lower rates on loans than commercial
banks.
Payday Lenders - Correct Answer-A company that offers
small cash advances that are intended to cover a borrower's
expenses until the next payday.
commercial bank - Correct Answer-owned by shareholders
for-profit
open for any individual or business
A financial institution that accepts deposits and channels the
money into lending activities; a bank is a business that
provides financial services for profit. These services are
provided for both the individual and commercial sector.
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financial intermediary - Correct Answer-an institution that
transforms the funds it gathers from many individuals into
financial assets
investment bank - Correct Answer-financial institution that
specializes in issuing and reselling new securities. Stocks and
Bonds
thrift banks - Correct Answer-Financial institutions that
specialize in home and small business loans.
municipal bonds - Correct Answer-Bonds issued by state and
local governments; usually earnings are tax free
Corporate Bonds - Correct Answer-bonds issued by
corporationsold by businesses both bay interest have dates of
maturity both pay fixed rate of interest for the mature of the
bonds both are relatively safe investments low risk; Earnings
you pay tax
Liquidity - Correct Answer-is how quick or the ability to
convert the investment into cash
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NAF TRACK EOC EXAM WITH CORRECT
QUESTIONS AND ANSWERS |
GUARANTEED PASS | NEW
Credit Union - Correct Answer-A nonprofit financial
institution that is owned by its members and organized for
their benefit. Credit unions usually offer higher rates on
deposits and charge lower rates on loans than commercial
banks.
Payday Lenders - Correct Answer-A company that offers
small cash advances that are intended to cover a borrower's
expenses until the next payday.
commercial bank - Correct Answer-owned by shareholders
for-profit
open for any individual or business
A financial institution that accepts deposits and channels the
money into lending activities; a bank is a business that
provides financial services for profit. These services are
provided for both the individual and commercial sector.
1
, 2
financial intermediary - Correct Answer-an institution that
transforms the funds it gathers from many individuals into
financial assets
investment bank - Correct Answer-financial institution that
specializes in issuing and reselling new securities. Stocks and
Bonds
thrift banks - Correct Answer-Financial institutions that
specialize in home and small business loans.
municipal bonds - Correct Answer-Bonds issued by state and
local governments; usually earnings are tax free
Corporate Bonds - Correct Answer-bonds issued by
corporationsold by businesses both bay interest have dates of
maturity both pay fixed rate of interest for the mature of the
bonds both are relatively safe investments low risk; Earnings
you pay tax
Liquidity - Correct Answer-is how quick or the ability to
convert the investment into cash
2
