Personal Finance Quiz
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Questions and Answers

What does 'interest on the remaining amount' refer to?

  • Interest on the full loan amount
  • Interest on the paid loan amount
  • Penalty fee for early payment
  • Interest on the remaining loan amount after a payment (correct)

    • Which banking product/service limits depositors to zero withdrawals?

  • Certificate of Deposit (correct)
  • Credit card
  • Savings account
  • Transaction account

    • What is not a factor to consider when assessing credit worthiness for an unsecured loan?

  • Credit history
  • Repayment history
  • The collateral value (correct)
  • Credit score

    • Which financial institution specializes in capital market’s activities and advisory services?

    <p>Investment banks (D)</p> Signup and view all the answers

    Which activity is not classified as an investment banking service?

    <p>Help customers save for pensions (A)</p> Signup and view all the answers

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