FIN435 C.1:INTRODUCTION AND OVERVIEW OF FINANCIAL SYSTEM

___________is sale of debt or receivables. It is use for production, commerce and services of sales and purchase of trade documents and papers.

• Bai' Al-Dayn

• Al-Ijarah

• Al-Murabahah

• Al-Wakalah

Financial market is a market that gives rise to and transacts financial instruments.

• True

• False

Which funds are considered as sources of fund in Central Bank?

• Loan activities

• Debentures and Notes

• Amount due from Financial Institutions

• Cash and reserve with BNM

What is a Commercial Bank?

• The business conducted or services offered by a bank

• Expand money with the expectation of achieving a profit or material result by putting it into financial schemes, shares or property

• A bank that provides services such as accepting deposits, making business loan and offering basic investment.

• A bank that purchase large holdings of newly issued shares and resells them to investors.

Bank Kerjasama Rakyat is a __________________

• Cooperative Institution

• Merchant banks

• Finance companies

• Discount houses

Which of the following is not a liability of Commercial bank?

• Security Holdings

• Treasury deposits at banks

• Demand deposits and time deposits

• Borrowing from central bank

A customer does not require a bank account to obtain

• A loan

• A cheque card

• A banker's draft

• An overdraft

Which of the following is NOT a Development Finance Institution?

• Development Bank of Malaysia

• Agrobank

• Malaysia Industrial Development Finance

• EON Finance Berhad

Is Islamic banking meant for Muslims only?

• Yes

• No

What’s more important, the income statement, balance sheet or cash flow statement?

• Cash flow statement

• Balance sheet

• Income statement

• Income statement, Balance sheet, Cash flow statement