Money paid to an individual or institution for the privilege of using their money is referred to as ...

Money paid to an individual or institution for the privilege of using their money is referred to as ____________________.
 Fill in the blank(s) with correct word

Q. 2

A(n) ____________________ is the part of the checkbook in which deposits and checks are recorded.
 Fill in the blank(s) with correct word

Q. 3

Checks that have not yet been received or paid by the bank are called ____________________ checks.
 Fill in the blank(s) with correct word

Q. 4

_________________________ allows you to do your banking by using your personal computer and the Internet.
 Fill in the blank(s) with correct word

Q. 5

The balance needed in an account in order to make a series of payments from the account is called the
 A) present value of an ordinary annuity.
  B) annuity due.
  C) future value of an annuity.
  D) ordinary annuity.

Q. 6

The deposit amount after subtracting any cash received by the customer is referred to as the
 A) total deposit.
  B) final deposit.
  C) net deposit.
  D) gross deposit.

Q. 7

Why do banks typically assess service charges?
 A) For handling a customer's checking account.
  B) For a customer using the bank's ATM machines.
  C) For a customer withdrawing funds from a checking account.
  D) To offset the interest earned by a customer.