Basic Banking

Basic Banking

1st - 3rd Grade

18 Qs

quiz-placeholder

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Basic Banking

Basic Banking

Assessment

Quiz

Other

1st - 3rd Grade

Practice Problem

Hard

Created by

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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