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Questions and Answers
What is the Bottom Line defined as in the text?
What is the Bottom Line defined as in the text?
- A fee charged when a check bounces due to insufficient funds
- A form that instructs a financial institution to transfer money
- The percentage rate showing interest earned in a year
- The difference between earnings and debts of a business (correct)
What does a Credit Score represent according to the text?
What does a Credit Score represent according to the text?
- A number indicating borrowing history and creditworthiness (correct)
- Payouts to investors based on profit
- A rate showing interest earned after a year
- An official form instructing a financial institution to transfer money
What is the purpose of an official Check as mentioned in the text?
What is the purpose of an official Check as mentioned in the text?
- To allow earning interest on transactions
- To charge a fee when a check bounces due to insufficient funds
- To represent interest earned in a year
- To transfer a specific amount of money from one account to another (correct)
What is the role of FDIC in the text?
What is the role of FDIC in the text?
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What happens if a check bounces according to the text?
What happens if a check bounces according to the text?
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What does a Debit Card allow you to do according to the text?
What does a Debit Card allow you to do according to the text?
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How is Checking Account described in the text?
How is Checking Account described in the text?
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'What do Dividends represent according to the text?'
'What do Dividends represent according to the text?'
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