Exercise - 179

Question: 1 Ben and Jen need money to redecorate their home. So, they asked a loan officer if they qualify for a ....... instead of a second-mortgage on their house.

deposit slip line of credit debit card bill Show Answer

Correct Answer : 1 [line of credit]

Notes: Ben and Jen need money to redecorate their home. So, they asked a loan officer if they qualify for a line of credit instead of a second-mortgage on their house.

Question: 2 Nowadays, bank customers have more options. For example, they can pay their bills over the telephone or they can pay them ........

online over the phone with a safety deposit box with a bank teller Show Answer

Correct Answer : 2 [online]

Notes: Nowadays, bank customers have more options. For example, they can pay their bills over the telephone or they can pay them online.

Question: 3 Some people rent a ....... in order to keep important papers and items safe.

deposit slip safety deposit box debit card bank statement Show Answer

Correct Answer : 3 [safety deposit box]

Notes: Some people rent a safety deposit box in order to keep important papers and items safe.

Question: 4 Almost all customers have a ....... card so they don't have to go into the bank to withdraw money. They can also use their cards to purchase goods in stores.

export debit withdrawal loan Show Answer

Correct Answer : 4 [debit]

Notes: Almost all customers have a debit card so they don't have to go into the bank to withdraw money. They can also use their cards to purchase goods in stores.

Question: 5 Laurie has two accounts. She can ....... funds from her checking account into her savings account right over the phone.

loan order transfer rent Show Answer

Correct Answer : 5 [transfer]

Notes: Laurie has two accounts. She can transfer funds from her checking account into her savings account right over the phone.

Question: 6 Every month, Kevin ....... his bank statement in order to balance his checkbook.

fills out exchanges withdraws reviews Show Answer

Correct Answer : 6 [reviews]

Notes: Every month, Kevin reviews his bank statement in order to balance his checkbook.

Question: 7 Mary has an appointment with a loan ....... because she wants to buy a new car and needs $3000 to complete the purchase.

teller secretary taker officer Show Answer

Correct Answer : 7 [officer]

Notes: Mary has an appointment with a loan officer because she wants to buy a new car and needs $3000 to complete the purchase.

Question: 8 Karen learned how to ....... her checkbook at an early age. Her father thought it was important.

balance pay-off exchange withdraw Show Answer

Correct Answer : 8 [balance]

Notes: Karen learned how to balance her checkbook at an early age. Her father thought it was important.

Question: 9 Rose and Tom want to get approved for a ....... because they want to buy a house this year.

check safety deposit box mortgage savings account Show Answer

Correct Answer : 9 [mortgage]

Notes: Rose and Tom want to get approved for a mortgage because they want to buy a house this year.

Question: 10 Normally, people get ....... for a mortgage before they go house shopping so they know what kind of house they can afford to buy.

pre-approved withdrawal slips an order traveler's checks Show Answer

Correct Answer : 10 [pre-approved]

Notes: Normally, people get pre-approved for a mortgage before they go house shopping so they know what kind of house they can afford to buy.