Intro to Maltese FS industry - Quiz

Malta has been using the Euro since 1st January 2008.

The official currency used before was the Maltese...?

• STERLING

• PESETA

• ESCUDO

• LIRA

The following Banks have a branch in Gozo:

• BNF Bank

• HSBC Bank
• Central Bank of Malta

• Bank of Valletta

Financial Services Organizations including Banks provide solutions to meet their customers financial needs.

These include....:

• DEPOSIT ACCOUNTS

• LOANS

• DEBIT & CREDIT CARDS

• HEALTH & LEGAL ADVICE

A SAVINGS Account enables the account holder to....

• Deposit & withdraw money at any time

• withdraw & deposit money from ATMs

• borrow money

• Deposit & withdraw money once a month only

A Credit Card .......

• has no limit & the customer can use it for any amount

• can be used for online purchases

• provides a means to effect payments

• is used together with a PIN (personal identification number) for added security.

Internet / Mobile banking......

• ...is the use of physical branches to perform banking transactions.

• refers to the use of cash & cheques for banking transactions.

• is the most used and convenient way to perform banking transactions

• refers to the use of electronic devices such as computers or smartphones to perform banking transactions online.

What type of advice Banks provide to their customers ?

The main types of insurance services include...

• Life Assurance

• Betting Insurance

• Home Insurance

• Travel Insurance

The name of the Authority that regulates the local financial services industry is..?

• Central Bank of Malta

• Malta Competition & Consumer Authority

• MALTA FINANCIAL SERVICES AUTHORITY

• MALTA TOURISM AUTHORITY

The Maltese financial services industry ....

• is growing rapidly and employs thousands of employees

• is one of the smallest industries & its contribution to the economy is very limited

• is made up of various financial services organizations including banks & insurance companies.

• includes the online gaming companies