• 2022-06-06
    Decide whether the following statements are true and false.1. A bank is a financial institution which deals with money transactions. In a bank, you can borrow money in the form of a bank loan, or you can put your money in a bank, in other words, deposit money.
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    • 0

      Deposit means you take money out of a bank account.

    • 1

      If you put money in the bank, you get about 8% ______.

    • 2

      When can you receive all the money the bank matches? At the end of _______________.

    • 3

      Which one of the following savings plans is not covered by federal deposit insurance? A: passbook account at a savings and loan B: regular checking account at a commercial bank C: money market account at a commercial bank D: money market fund with an investment company E: certificate of deposit at a commercial bank

    • 4

      1.There are many reasons to money. 2. People save money to buy things like cars, or so they can take a trip, or for emergencies. 3. A smarter place to save your money is in a . 4. The bank you for using your money. 5. The money they pay you is called .