Unit 12: Banking

Bank is considered as one of the financial intermediaries

• True

• False

This is the date of expiration for the contractual obligation of a financial instrument

• Due date

• Overdraft

• Maturity date

• End of Period

_____ account always provides you with interest earnings

• Current

• Savings

• Checking

• Deposit

Which of the following do banks not do?

• Print money

• Make loans

• Invest money

When you give money to a bank, you are a what?

• A borrower

• A lender

• A depositor

Which of the following is not a primary use for deposits?

• Loans

• Payment of employees

• Investment

 An investment bank is a financial institution that assists individual customers, small to medium-sized businesses.

• True

• False

What is the function of commercial banks?

• Accepting deposits

• Provide advice on mergers and acquisitions

• Stock market research

• Raise capital through issuing stocks and bonds

A central bank is a financial institution that is responsible for managing the currency of a country and controlling the money supply.

• True

• False

Where is the oldest bank in the world today located?

I___y