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 an example of a Mutual Savings Bank?

• Chase Bank

• Bank of America

• Dollar Bank

• Wells Fargo

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

Which of the following is a service provided by Saving and Loan Associations?

• Stock trading

• Home improvement loans

• Business consulting

• Insurance planning

How do regular banks differ from credit unions in terms of profit distribution?

• Regular banks distribute profits among members

• Regular banks distribute profits among shareholders

• Regular banks do not distribute profits

• Regular banks distribute profits to the government

Which financial institution is primarily owned by its members and operates on a not-for-profit basis?

• Commercial bank

• Credit union

• Investment bank

• Internet bank

Which type of bank typically offers the widest range of financial services to individuals and businesses?

• Commercial bank

• Saving and Loan Association

• Mutual savings bank

• Credit union