45 Which is the primary role of the PIDM?

A. Regulate saving and loans

B. Advise the Secretary of Treasury

C. Insure citizens deposits made at commercial banks

D. Provide financial support for home mortgage borrowers

46. The loan rate that banks offer to their most credit worthy customers is known as __________.

A. Nominal rate

B. Prime rate

C. Bottom rate

D. Effective rate.

3. Compound interest with non-annual periods can be found in _________.

A. Savings account.

B. Housing loan.

C. Car hire purchase.

D. Education loan.

4. A __________ is an agency that provides credit information to lenders about individual borrower.

A. Credit bureau

B. Consumer protection agency

C. Credit statement agency

D. Credit scoring company

5. The assumption in the calculation of future value of money is _______ of interest paid on an investments principal.

A. present rate

B. withdrawal

C. reinvestment

D. inflation rate

6. The percentage of the sale that the shop pays to the credit card issuer is known as ____________.

.

A. Merchants discount fee

B. Sales commission fee

C. Issuers service fee

D. Point of sale fee