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L505: Revision Quiz

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Education

10th - 12th Grade

Used 527+ times

L505: Revision Quiz
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit creation means expansion of deposits.

True

False

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

_____ is a system where the bank keeps a portion of cash deposit as a reserve and lend the balance amount as a loan.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the source of money in the market:

Cash received from foreign banks

Cash issued by Central bank

through Fractional Reserve Banking

Both (b) and (c)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ banks have mainstream business of providing home loans.

Commercial

Savings

Savings and Loan

Credit Union

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of commercial banks?

Issuing currency notes

Providing home loans

Accepting deposits and lending money

Regulating the stock market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of the Federal Reserve in the US banking system?

Issuing passports

Regulating commercial banks

Providing healthcare services

Managing national parks

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