Kate Tends to Issue Checks Quite Often Without Having a Sufficient

question 73

Multiple Choice

Kate tends to issue checks quite often without having a sufficient balance in her account. She should look for an account with a(n) _____ facility.

• A)ATM
• B)overdraft protection
• C)trust services
• D)mutual fund management
• E)balance tracking

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Definitions:

Default-Risk

The risk that a borrower fails to make the required payments on a debt obligation, leading to potential losses for the lender or investor.

Higher Rates

Typically refers to an increase in interest rates, which can affect borrowing costs, investment returns, and economic activity.

Standard & Poor's

A financial market intelligence company known for its stock market indices such as the S&P 500, as well as its ratings of the creditworthiness of borrowers.

Weighted Index

A stock market index in which each constituent stock affects the index in proportion to its market value.