Tim Gleason has set up a legal agreement that allows the First State Bank of Orl

Question

Tim Gleason has set up a legal agreement that allows the First State Bank of Orlando to manage funds set aside for his daughter's college education. What type of financial service is Tim using? (Points : 1)       payment service
      savings service
      borrowing service
      trust service
      asset management

Question 2. 2. David Wynn gets a personal loan from his credit union for $1,000. David will make monthly payments $85.15 over the next year to repay the loan. What type of financial service is David using? (Points : 1)       payment service
      savings service
      borrowing service
      trust service
      asset management

Explanation / Answer

1)asset management

2) borrowing service

3) provide automobile insurance at a discount.

4) credit arrangement that has no specific repayment plan.

5) lobby for improved consumer protection laws.

6)reduce the charge for service fees.

7)insist that communications about the debt cease

8) Consumer Product Safety Commission

9) low-cost personal loans.

10) savings

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