Banking Quiz

What do banks usually send monthly to account holders?

• Cheques

• Credit cards

• Statements

• Cash

What are sums of money coming into an account called?

• Debits

• Credits

• Withdrawals

• Transfers

What is a bank transfer used for?

• Paying bills

• Depositing cash

• Withdrawing cash

• Earning interest

What is a mortgage?

• A short-term loan for buying a car

• A long-term loan for buying a place to live

• A type of foreign currency

• An insurance policy

What can a bank do if a borrower doesn't repay a mortgage?

• Increase the interest rate

• Repossess the house or flat

• Offer a new loan

• Reduce the loan amount

What additional products do banks try to sell to customers?

• Real estate

• Insurance products

• Electronics

• Automobiles

What is the British English term for "traveler's check"?

• Traveller's cheque

• Traveller's note

• Traveller's bond

• Traveller's draft

What happens if a borrower defaults on a mortgage?

• The bank increases the loan amount

• The bank repossesses the property

• The bank offers a new loan

• The bank reduces the interest rate

What is the British English term for 'shopping mall'?

• Shopping plaza

• Shopping arcade

• Shopping centre

• Shopping complex

What type of banking did many commercial banks think would be popular in the 1990s?

• Branch banking

• Internet banking

• Mobile banking

• Cash transactions