What is a major source of funds for a bank?

• Revenue from fees

• Loans from the government

• Deposits from customers

• Investments in stocks

Which type of account allows the use of cheques?

• Fixed Deposit Account

• Current Account

• Negotiable Instruments of Deposits

• Savings Account

What is the minimum deposit required for a one-month Fixed Deposit?

• RM1000

• RM5000

• RM2000

• RM3000

What is the primary advantage of equity financing?

• No obligation to repay

• Retaining full ownership

• Tax-deductible payments

• Lower interest rates

What is a characteristic of Negotiable Instruments of Deposits (NIDs)?

• They are non-transferable

• They have a fixed interest rate

• They can be sold before maturity

• They require a minimum deposit of RM10,000

Which of the following is NOT a type of debt financing?

• Equipment Financing

• Venture Capital

• Lines of Credit

• Term Loans

What type of account can be opened by societies and clubs?

• Current Account

• All of the above

• Joint Savings Account

• Trustee Account

Which financing option does NOT require giving up ownership?

• Angel Investment

• Venture Capital

• Debt Financing

• Equity Financing

What is the primary purpose of a savings account?

• To earn high returns

• To provide liquidity

• To facilitate transactions

• To save for retirement

Which of the following is a type of equity financing?

• Angel Investors

• Merchant Cash Advances

• Term Loans

• Lines of Credit