FINANCIAL INSTITUTION

Specialized Banks mean that catering to the requirement of ______ or serving the specified purpose.

• businesses

• a special sector

• a merchant

• authorities

Which bank has the function "Provide Liquidity"?

• Private Bank

• Central Bank

• Non-Bank Financial Intermediaries

• Clearing Bank

Private Banking is owned by either ____or ____ with limited partner(s).

• the individual, nongovernment organization

• the state, international organizations

• the individual, a general partner(s)

• community, banker

A clearing bank passes cheques with other banks through "a central organization". Which of the following phrases is related to the italic phrase in the sentence?

• Clearinghouse

• Clearing Bank

• Foreign exchange bank

• State-owed bank

Which company was formed by the merger or takeover of several other companies?

• Agency broker

• Retail

• Conglomerate

• Central Group

What type of Financial Institution is called a “non-bank”?

• Retail banks

• Insurance companies

• Building societies

• Investment banks

How many types of products and services does retail banking include?

• 4

• 5

• 6

• 7

What is Deregulation?

• A person or organization that buys and sells shares or property for another one

• The ending of some rules and restrictions

• The activity of getting goods into stores where they are sold to the public

• The process’s parts of digestion where food is broken up by being bitten and chewed

What services does the "Building Societies" provide?

• Lending

• Mortgages

• Money transmission

• All of the above.

Which of the following services can be provided to retail banking customers?

• Automobile financing

• Certificates of deposit

• Insurance

• Checking and savings accounts