Which statement best describes money?
What are the most basic functions of a bank? Choose two correct answers.to encourage economic growth and low unemploymentto hold deposits in checking and savings accountsto make loans to individuals and businessesto maintain stable prices in the economyto monitor the money supply
When do customers pay interest to a bank?
What can affect the interest rate for a loan? Choose three correct answers.the time of the year the loan is taken outthe customer’s ability to repay the loanthe customer’s social media postswhat the loan is used foreconomic conditions
Which of the following are examples of predatory lending practices? Choose two correct answers.savings accountschecking accountshigh interest ratesincreased money supplyadded fees
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