FIN451 Chapter 4

FIN451 Chapter 4

12th Grade

5 Qs

quiz-placeholder

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FIN451 Chapter 4

FIN451 Chapter 4

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Hard

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two major sources of funds for Islamic banks?

Current accounts and savings accounts

Savings deposits and investment deposits

Checking accounts and investment accounts

Transaction deposits and investment deposits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of applying funds in Islamic banks?

To pay off debts

To provide loans to customers

To raise profits in different ways

To invest in the stock market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a debt-based financing instrument in Islamic banking?

Musharakah

Mudarabah

Ijarah (Lease)

Murabahah (Mark-up)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Murabahah in Islamic banking involve?

Manufacturing contract

Sale with immediate purchase

Cost-plus financing contract

Deferred sale contract

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the root word of Murabahah and what does it mean?

Ribh - Profit

Ribh - Loss

Ribh - Debt

Ribh - Investment

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