
Banking Part 1
Authored by Jarosław Bełdowski
Education
University
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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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