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Banking and Financial Systems Quiz

Authored by FATMA 5143

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University

14 Questions

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Banking and Financial Systems Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary objective of banks?

To manage government funds

To invest in stocks

To keep money safe for customers

To provide insurance services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of bank account allows immediate access to funds?

Savings account

Investment account

Current account

Fixed deposit account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a central bank primarily responsible for?

Offering investment advice

Overseeing monetary policy

Providing loans to individuals

Managing retail banking services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of a central bank?

Bank regulation

Lender of last resort

Currency issuance

Providing personal loans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of money?

A loan from a bank

Anything accepted as payment for goods or services

A form of currency only

A type of investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of the financial system?

To regulate interest rates

To manage government debt

To encourage saving and investment

To provide insurance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank focuses on serving local communities?

Wholesale banks

Commercial banks

Investment banks

Community banks

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