Business Finance - Feb 13 2023

Which of the following is NOT a commerical bank?

• Bank of Nova Scotia

• National Commerical Bank (NCB)

• Jamaica National

• Bank of Jamaica

When a commerical bank provides services to individuals it is called?

• Personal Banking

• Business Banking

• Individual Banking

• Direct Deposits

All of the following ARE non-bank financial institutions EXCEPT:

• Government Agencies

• Credit Unions

• Insurance Companies

• Sou-Sou

a small plastic card issued by a cards bank or other financial institution, which allows the purchaser to buy goods and pay for them later is CALLED:

• Debit Card

• Credit Card

• Stock

• Investment

What does the abbreviation FSC stands for

• Fund Services Commerical

• Finland Services Commission

• Financial Services Co-operative

• Financial Services Commission

A central bank can Influence bank lending by varying the

• Amount of accounts

• Increase interest rates

• Taking storage fees

• Liquid ratio assets

Commercial banks are required to deposit a set amount of funds in the central bank. What is this CALLED?

• Minimum Reserve

• Minimum Reserve Requirement

• Minimum Reserve Assets

• Bonds

Which of the following is used to manage personal income?

• Saving

• Budget

• Investment

• All of the above

Another name for Sou- Sou is:

• Pyramid Scheme

• Partner

• Ponzi

ALL of the following are forms of investment EXCEPT:

• Mutual Funds

• Stocks

• Bonds

• Fixed Deposit