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Banking

Authored by Sarah Williams

English

University

CCSS covered

Banking
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What differs merchant (investment) bank from commercial one?

Merchant banks work mainly with the government

Merchant banks work mainly with individuals

Merchant banks deal mainly with businesses

Merchant banks deal mainly with commercial banks

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

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What are the main types of deposits? (3)

Current Deposit

Interest Deposit

Fixed deposit

Savings deposit

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is the difference between current and fixed deposit?

Current deposit is only for small sums of money

Fixed deposits can be withdrawn any time, but current deposits can not

Current deposits can be withdrawn any time, but fixed deposits can not

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

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What types of loans do you know? (3)

Savings

Cash credit

overdraft

current

Mortage

5.

MULTIPLE SELECT QUESTION

1 min • 1 pt

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What are the primary functions of commercial banks? (2)

accepting deposits

collection of checks

granting loans

foreign exchange

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

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Which of the following are the secondary functions of the commercial banks? (3)

collection of checks

transfer of funds

dealing in foreign exchange

accepting deposits

lending money

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is a minimum interest rate?

This is the discount rate, at which the central bank makes secured loans to government

This is the discount rate, at which the central bank makes secured loans to individuals

This is the discount rate, at which the central bank makes secured loans to business

This is the discount rate, at which the central bank makes secured loans to commercial banks

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