Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
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.
A -
grace
B -
credit
C -
lending
D -
loan
2-
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 -
test
B -
future
C -
401K
D -
shareholders
3-
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
4-
The ......... amount on a loan is the original amount that was borrowed. Interest rates are calculated from this original debt amount.
A -
principal
B -
pension
C -
zero
D -
possession
5-
The FDIC (Federal Deposit Insurance Corporation) is national agency in North America that ......... funds in participating banks for up to $100,000.
A -
insures
B -
rolls
C -
withdraws
D -
spends
6-
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 -
check
B -
order
C -
password
D -
fund
7-
A security ......... is a worker who is hired by a bank in order to protect customers, vaults, armored trucks etc.
A -
host
B -
guard
C -
alert
D -
lord
8-
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 -
savings
B -
time
C -
checking
D -
formal
9-
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.
A -
hurried
B -
burned
C -
tied-up
D -
spent
10-
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 ......... .