16. Which term is used to describe when a bank combines the funds in multiple accounts to calculate interest payments?
a) Compound interest
b) Simple interest
c) Joint account
d) Aggregate interest
17. Which of the following is not a risk associated with bank deposits?
a) Credit risk
b) Interest rate risk
c) Inflation risk
d) Market risk
18. What is the purpose of a trust account?
a) To hold money on behalf of a customer
b) To invest in stocks and bonds
c) To provide loans to individuals
d) To facilitate international money transfers
19. Which type of bank account allows for unlimited monthly transactions?
a) Savings account
b) Checking account
c) Time deposit account
d) Money market account
20. What is the term used for the interest paid by a bank to a customer for keeping money in a deposit account?
a) Interest expense
b) Dividend payment
c) Interest income
d) Capital gains