Banking Part 1

Banking Part 1

University

10 Qs

quiz-placeholder

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Banking Part 1

Banking Part 1

Assessment

Quiz

Education

University

Hard

Created by

Jarosław Bełdowski

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cooperative banks

are owned by the members, with maximum profits as not necessarily their main objective.

are permanent mutual organisations, collecting small high-street savings and using the money to fund domestic mortgages.

are entities which use post office to help those without a bank account to pay their bills.

refer to the banks owned by the state that are not central banks but carry out some public sector activity.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Retail banks mainly make their money by taking deposits or providing a useful service for which banks can charge.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The current account:

is the principal kind of account offered by the retail bank.

is a retail bank’s fundamental way of establishing relationship with the customer.

is the obligation to provide the range of payment services.

all answers are correct.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mutual funds are pools of shares run by investment managers and giving the shareholder a spread of risk.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private banking:

is a special subset of retail banking.

is often referred to as ’wealth management’.

primarily involves advising high-net-worth individuals on how to invest their wealth.

all answers are correct.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

We can divide commercial banking funding into uncommitted facilities and committed facilities.

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

‘…’ is typically up to 5 years, but may be up to 7. It is:

term loan

standby credit

revolving credit

overdraft

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