COMMERCIAL BANKS

A type of institution that offers basic financial products.

• Rural Bank

• Commercial Bank

• Public Bank

• Bank of Commerce

Refers to a type of commercial banks that are nationalized by the government of a country.

• Public Sector

• Private Sector

• Banco de Oro

• None of the above

Refers to commercial banks that are headquartered in a foreign country, but operate branches in different countries.

• Commercial Bank

• Private Sector Bank

• Foreign Bank

• Foreign Exchange Bank

The primary function of a bank. It is the lifeline of the bank.

• Current Deposits

• Accepting Deposits

• Fixed Deposits

• Savings Deposits

Refers to kind of deposits that can be easily withdrawn by individuals without any prior notice to the bank.

• Savings Deposit

• Current Account Deposits

• Fixed Deposits

• Current Deposits

Refer to deposits that are for certain period of time.

• Fixed Deposits

• Current account Deposits

• savings deposits

• Deposit

These are deposits whose main objective is to save.

• Fixed Deposits

• Savings Deposits

• Current Account deposits

• Non Current Account Deposit

The banks collect checks and bills of exchange on the behalf of their customers

• collecting income

• collecting checks

• paying expenses

• loans

Commercial banks collect dividends, pension, salaries, rents, and interests on investments on behalf of their customers.

• collecting checks

• paying expenses

• collecting income

• collecting voucher

Commercial banks provide locker facilities to its customers for safe keeping of?

• Jewelry

• Shares

• Debentures

• All of the above