Basic Banking
Quiz
•
Other
•
1st - 3rd Grade
•
Practice Problem
•
Hard
pheo minh
Used 7+ times
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18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.
TRUE
TRUE
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is main type of non-tradable deposits?
Savings accounts
Term deposits
None of the above
All of the above
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is characteristic of the balance sheet?
Total assets = Total liabilities + Capital
Total liabilities = Total assets + Capital
Total assets = Total liabilities - Capital
Capital = Total liabilities - Total assets
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Checkable deposits are demand deposits, the property of the owner, the liabilities of the bank.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Loans are less liquid than other bank accounts, they cannot be converted to cash until due for repayment.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How many type of bank reserve?
1
2
3
4
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The interest on a loan is an example of GOOD INTEREST.
TRUE
FALSE
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