Various Saving Schemes and Products

26. What is the purpose of a business credit card?

a) To save for short-term expenses

b) To make online purchases

c) To provide funding for higher education expenses

d) To provide a convenient way to make business purchases and track expenses

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27. Which of the following is NOT a type of business loan?

a) Small Business Administration (SBA) loan

b) Commercial mortgage loan

c) Business line of credit

d) Personal loan

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28. What is the purpose of a money market loan?

a) To provide overdraft protection

b) To earn high interest rates

c) To provide short-term loans

d) To make online purchases

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29. Which of the following is NOT a type of credit score?

a) FICO score

b) VantageScore

c) Equifax score

d) TransUnion score

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30. What is the purpose of a home improvement loan?

a) To save for short-term expenses

b) To make online purchases

c) To provide funding for home renovations and repairs

d) To provide a line of credit for home improvement purchases

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