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Six-Weeks Test (5th Form)

Authored by Shanice Griffiths

Business

11th Grade

Used 3+ times

Six-Weeks Test (5th Form)
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20 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A financial institution that provides a range of financial services to individuals and business clients, is referred to as a

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are roles of the financial institution EXCEPT:

Commercial bank accepts money deposits and therefore provides a safe place for saving

money.

Offering loans and overdraft to persons who need financial assistance.

They also offer investment opportunities such as mutual funds, annuities and stocks and

bonds

Selling stale dated cheques.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A safety deposit box at the bank given to individuals for storing highly valuable items is a ____________ offered by financial institutions.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a function of the central bank?

A. The Central Bank has the sole authority to issue notes and coins.

B. Offering settlement services such as authorizing credit card payments

C. It manages the national debt.

A & C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an asset to a business?

factory buildings

taxes to be paid to the government

inventory

money in the bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A plan for systematic saving and spending is referred to as

trading

investing

financing

budgeting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On which of the following bank accounts is a service fee discharged?

Current

Savings

Term deposit

Fixed deposit

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