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Home
A home .
Question 1:
A home ....... loan is a loan that is secured by property but only to the point of fair market value minus the debt*^*acquired in the deal.
A.
equity
B.
assurance
C.
goods
D.
possession
These questions are from this test. Would you like to take a practice test?
Real Life: Banking (3) | C1 – Advanced
10 minutes
10 questions
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Some questions from the same exam
A period of ....... is an additional time period granted by a lender that gives the borrower more time to make a*^*regular payment on a loan without incurring any penalties.
In the United States, a ....... plan allows a person to save for his/her retirement. With this type of plan, a person*^*can postpone paying income taxes on the amount invested until a withdrawal is made during his/her*^*retirement years.
A home ....... loan is a loan that is secured by property but only to the point of fair market value minus the debt*^*acquired in the deal.
The ....... amount on a loan is the original amount that was borrowed. Interest rates are calculated from this*^*original debt amount.
The FDIC (Federal Deposit Insurance Corporation) is national agency in North America that ....... funds in*^*participating banks for up to $100,000.
A money ....... is a certificate of payment for a specified amount of money that is paid for upfront. These are*^*usually issued by banks and post offices.
A security ....... is a worker who is hired by a bank in order to protect customers, vaults, armored trucks etc.
If a person wants to save money, he/she usually opens a ....... account. This kind of account is primarily used*^*as a saving tool and there are usually more deposit transactions than withdrawals.
A certificate of deposit (CD) is an interest-earning account that offers a higher rate of return on investments*^*but the money is ....... for a longer, specified amount of time.
When it comes to online banking, a customer must first register and then he/she is able to sign in with a Login*^*ID and a ........*^*
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