Banking EPF quiz

What is the international banking system referred to?

• An enigma

• A simple system

True or false: There are less than 29,000 banks in the world.

• True

• False

What is one way a bank can make money?

• Loan Interest

• Debit Cards

• Run on deposits

• Loan Sharks

What was banking meant to fix?

• Too many currencies

• Too much money

• High taxes

• Monopolies

•  a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.

• Credit Union

• Bank

• ATM

accounts that exist solely within your organization and that are used to transfer funds between business units.

• Internal Banking

• Banking

• Credit account

• Debit Account

sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events.

• Loans

• Credit

• Debt

means by which societies or governments organize and distribute available resources.

• Economic System

• Banking System

• Tax system

• Money

a legal status that usually lasts for a year and can be a way to clear debts you can't pay.

(a)  

provides financial services for corporate and institutional customers, such as investing and raising capital and arranging mergers and acquisitions.

(a)