BANKS

Banks are related to which field ?

• Mathematics

• History

• Business and Commerce

• literature

What is lending in banking ?

• Sharing a financial asset

• Giving loans to customers

• Starting a business

• Taking loans by the banks

Banks are useful in what ways?

• In safe guarding cash

• Ensuring you get access to liquidity

• You can track your expenditure history

• You can borrow loans

• All of the above

Which among the following is true about checking account?

• They have more service than savings account.

• They have minimum balance requirement

• You have to pay some fees to have checking account

• All of the above

FDIC stands for -Federal Deposit (a)   Corporation

What is the meaning of the term dividends ?

• It is a mathematical formula

• It means profit provided to the share holders

• Dividend and Interest is same

Name the current Chair of the Federal Reserve of the United States.

• Alan Greenspan

• Janet Yellen

• Ben Bernanke

• Jerome Powell

ATM stands for?

• Automated teller machine

• Any time money

• Automatic type of money

• All-time money

Transactions by Debit card and Credit card are examples of which type of transactions?

• Cheque

• Physical Withdrawl

• Electronic transaction

• None of the above

The central bank in the USA is called?

• Federal Reserve

• Reserve bank of America

• Bank of America

• Central American Bank