Personal Finance and Mortgage Quiz
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Questions and Answers

What is the primary focus of bankers according to the passage?

  • Contributing to the economy through special business operations
  • Serving as a link between banks and communities (correct)
  • Offering pension plans to interior decorators
  • Providing mortgage to immigrant customers
  • Why does Tamara, the interior decorator, want to set aside a portion of her income?

  • For retirement security (correct)
  • To start a pension plan for bank employees
  • To buy a house
  • To contribute to the economy
  • What has been the historical role of banks in the United States?

  • To offer special products and services
  • To contribute to the welfare of the nation (correct)
  • To fulfill pension plans for employees
  • To provide services to immigrant customers
  • According to Federal Reserve Board Chairman Jerome Powell, what is banking fundamentally based on?

    <p>Local, relationship-based business</p> Signup and view all the answers

    What is the unique relationship between bankers and their customers and communities highlighted in the passage?

    <p>Customers serving as neighbors and friends of bankers</p> Signup and view all the answers

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