Banking and Finance

The crime of getting money by tricking or deceiving people

• SWIFT

• Fraud

• Money laundering

• Cross-border

The action of moving money which has been earned illegally through banks and other businesses, to make it seem to have been earned legally

• Money laundering

• Financial services

• APR

• Default

The abundant amount of money needed to spend

• Creditworthiness

• Surplus funds

• Maturity

• Collateral

A company that collects financial information about consumers and sells the information to financial organizations who lend money

• SWIFT

• Clearing system

• Credit transfer

• Credit bureau

A formal agreement or promise between two or more people

• Covenant

• Collateral

• Cross-border

• Customized solutions

To fail to do something, such as pay a debt, that you legally have to do

• debt rate

• Bad debt

• Reassess

• Defaults

The process by which cheques and other payments are exchanged between customers of different banks

• Clearing system

• Credit transfer

• Credit score

• Credit rating

___ includes all activities involved in the transformation of savings into investment

• Financial system

• Financial service

• Economic system

• Saving system

Underwriting of shares by a financial intermediary is a kind of ___ activity

• Fee based

• Both of these

• None of these

• Fund based

Which of the following are functions of financial services?

• Mobilization of savings

• Allocation of fund

• Specialized services

• All of the above