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Asessment 1

Authored by lydia chemtai

World Languages

1st - 5th Grade

Used 1+ times

Asessment 1
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

procedure for operating an ATM machine

Insert card, Enter PIN, Select transaction, Confirm transaction, Collect cash/card
Insert card, Enter password, Collect cash
Enter PIN, Insert card, Select transaction, Collect cash
Insert card, Select transaction, Enter PIN, Collect cash

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

explain the relevance of bank management

Bank management is relevant because it helps in the efficient operation of the bank, ensuring profitability and stability
Bank management is irrelevant because banks are self-regulating entities
Bank management is not necessary because the government controls all banking operations
Bank management is not important because banks are not profit-oriented

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

procedure for deppositing a cheque

Go to the bank, fill out a deposit slip, and give it to the teller with the cheque
Write your account number on the back of the cheque and mail it to the bank
Take a picture of the cheque and send it to the bank via email
Sign the back of the cheque and throw it in the bank's night deposit box

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what are the disadvantages of paying a postdated cheque?

It can be cashed before the date on the check
It is illegal to write a postdated cheque
It is a guaranteed form of payment
It is a convenient way to schedule payments in advance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

circumstances under which the rule of clayton's case does not apply?

When the debtor has expressly indicated which debt to apply the payment
When the debtor is a minor
When the debtor is bankrupt
When the debtor has a criminal record

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

accounts that can be set off?

Savings account and current account
Fixed deposit account and recurring deposit account
Loan account and current account
Savings account and loan account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

how to improve the effectiveness of open market operations

By increasing the frequency of operations
By reducing the size of operations
By conducting operations in a less transparent manner
By improving communication and transparency about the goals and effects of operations

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