Examlex
Which of the following statements is true?
Nonbank Public
Refers to individuals and entities that are participants in the economy and financial system but do not include regulated banking institutions.
Traveler's Checks
A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of the payee's acceptance.
Credit Card
A payment card issued by financial institutions that allows the cardholder to borrow funds for purchases or cash advances, subject to a line of credit.
Loan Issuer
An entity, such as a bank or financial institution, that provides loans to borrowers under agreed terms and conditions.
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