Commercial Banks Quiz

What is one of the primary functions of a commercial bank?

• Issuing currency

• Providing loans

• Regulating monetary policy

• Collecting taxes

Commercial banks are most commonly associated with which sector?

• Agriculture

• Technology

• Finance

• Manufacturing

Which of the following is a service provided by commercial banks to customers?

• Tax collection

• Loans

• Issuing passports

• Providing legal advice

What is a common feature of commercial banks?

• They are rarely found in urban areas

• They provide services like bank overdrafts

• They do not work with government parties

• They only serve individual customers

Which of the following is an example of a Mutual Savings Bank?

• Chase Bank

• Bank of America

• Dollar Bank

• Wells Fargo

Compared to large banks, who do Mutual Savings Banks primarily help?

• Wealthy individuals

• Large corporations

• Citizens with low income

• Government agencies

What is the main focus of Mutual Savings Banks?

• To maximize profits

• To serve low-income individuals

• To provide international banking services

• To offer investment advice

Which of the following banks is an example of an Internet Bank?

• Discover Bank

• Citibank

• HSBC

• Barclays

What type of loans are specifically provided by Saving and Loan Associations?

• Car loans

• Business loans

• Private home purchasing loans

• Student loans

What is the main purpose of a Saving and Loan Association?

• To provide business loans

• To offer student loans

• To provide banking and home lending services

• To offer car loans