Financial Institutions - Saving&Borrowing
Authored by Lauren McNally
Business
1st - 2nd Grade
Used 3+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial institution is an organisation that offers money related services to customers.
TRUE
FALSE
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are commercial banks
BANK OF IRELAND
Allied IRISH BANK (AIB)
POST OFFICE
ULSTER BANK
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ____________ ____________ is used for day-to-day transactions with no interest earned on money.
Deposit account
Current account
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are NOT required when opening a current account?
Proof of address
Mobile number
Proof of identity
Proof of online shopping purchases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The letters 'ATM' stand for
Automatic task machine
Automated teller mobile
Automated teller machine
Automatic task mobile
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An overdraft allows an account holder to withdraw more money from a deposit account than what is in the account
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An overdraft facility is a form of borrowing
True
False
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