Real or Personal Property That a Firm or Individual Owns

question 35

Multiple Choice

Real or personal property that a firm or individual owns and that is pledged as security for a loan is called

• A) a security deposit.
• B) a mortgage deposit.
• C) an amortisation.
• D) collateral.
• E) stocks and bonds.

Understand the practical aspects of banking operations, including depositary procedures, holds on funds, and bank policies regarding checks.

Understand key terms and concepts related to Latino/a culture.

Describe the importance of cultural competence in service provision for Latino/a clients.

Identify first resorts of help-seeking behavior within the Latino/a community.

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Definitions:

Tax

Mandatory financial charges imposed by a government on individuals, corporations, or other entities to fund public expenditure.

Commerce

The activity of buying and selling, especially on a large scale, involving transportation and exchange of goods and services.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Confederation

An organization that consists of a number of parties or groups united in an alliance or league, often referring to a union of states with limited central power.