Money and Banking 2021

Which bank is called lender of last resort?

• Commercial bank

• Agricultural bank

• Central bank

Deposits which are payable after the expiry of a fixed period are called -

• time deposits.

• demand deposits.

• NONE

Money of another country

• insurance

• refund

• bargain

• foreign currency

an arrangement by which people borrow money from a bank to buy a house, and pay back the money over a period of years

• mortgage

• overdraft

• share

• refund

a special machine through which you can do bank transactions

• Cash dispenser

• Automated Teller Machine

• Cashpoint

• Checkout

an arrangement in which you pay money each year to get financial help if anything bad happens to you (an illness or accident)

• insurance

• refund

• mortgage

• share

One of the equal parts into which the ownership of a company is divided

• Mortgage

• Refund

• Overdraft

• Share

The kind of bank that provides services for customers and businesses and that is used by most ordinary people

• Investment bank

• Merchant bank

• Commercial bank

• Central bank

What is a mortgage used to purchase?

• Car

• Real Estate

• College Tuition

• Business Expenses

A small plastic card that you use to buy goods or services (even if you don't have the amount on your account at the moment).

• Debit card

• Credit card

• Cash card