From their clients' credit card accounts

From their clients' savings accounts

From the Federal government

From their own money vaults

They charge a large, one-time fee at the start of the loan

They take out a small fee each month from your checking account

They charge a high interest rate on the loan

This is a trick question - they DON'T make money!

Mortgage

Overdraft

Credit Card

Pre-Paid Debit Card

Auto Loan

Student loan

Credit Card Balance

Overdraft

Because they usually have a higher interest rate

Because they usually have a lower interest rate

Banks give you an extra 90 days to make a missed payment

Banks typically don't charge interest for the first 12 months

Your relationship with the financial institution

Your credit score

The loan amount

Your level of education

True

False