Question: 18. Workers' taxable income is equal to their gross earnings. A. true B. false ____ 19. A record of transactions in an account that you

18. Workers' taxable income is equal to their gross earnings. A. true B. false ____ 19. A record of transactions in an account that you keep for yourself is a(n) A. bank statement. B. electronic funds transfer. C. checkbook register. ____ 20. The amount of money in a checking account at a given time is the A. balance. B. overdraft. C. endorsement. ____ 21. A statement of transactions that a bank sends to you each month is a A. check register. B. electronic funds transfer. C. bank statement. ____ 22. A withdrawal you make from your account is a __________ in your check register. A. credit B. debit ____ 23. Adding interest to the principal in your account (and earning interest on it) is A. figuring simple interest. B. figuring the rule of 72. C. compounding interest. ____ 24. Preferred stock pays regular dividends at fixed rates. A. true B. false ____ 25. A commercial bank can only be chartered by the federal government. A. true B. false ____ 26. Paying your entire credit card balance each month will INCREASE the amount of interest you must pay. A. true B. false ____ 27. Which type of mortgage has an UNCHANGING interest rate and installment payment for the life of the loan? A. adjustable-rate mortgage B. graduated payment mortgage C. fixed-rate mortgage

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