POB Business Finance 1

POB Business Finance 1

Multiple Choice

Which one is the primary function of commercial bank?

• Receiving deposits

• Controlling loan

• Issuing note

• Leading money market

Multiple Choice

Which of the following is not a function of Central Bank?

• Guiding and regulating the Banking System of a country

• Acts essentially as Government Banker

• Deals with the General Public

• Maintains deposit accounts of all other Banks.

Multiple Choice

Banks create money by taking in deposits, making _______, and charging _______.

• interest, payments

• loans, interest

• payments, loans

• debt, loans

Multiple Choice

Your aunt buys you a new outfit for the first day of school. She pays with a card and tells you she’ll pay for it at the end of the month when she gets her bill. 

• Debit card
• Credit card

Multiple Choice

Your mom goes to the ATM at the bank and withdraws $300 from her savings account with her card. 

• Debit card
• Credit Card

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