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WorksheetsBanking
Total questions: 30
Worksheet time: 3600secs
What of the following is true? Bank... (4)
is a financial institution
is a financial intermediary
is a private business and is not regulated
connects customers that have capital deficits to customers with capital surpluses
accepts deposits and channels those deposits into lending activities
Which types of banks can you name? (3)
Central bank
Investment bank
Non-profit bank
Commercial bank
Which of the following are the functions of commercial banks (both primary and secondary)? (3)
maintain record of Government revenue and expenditure
determine foreign exchange rates
exchange foreign currencies
receive deposits
give loans
What functions have the merchant (investment) banks? (2)
raise funds for industry on the various financial markets
determine foreign exchange rates
finance international trade
receive deposits
What are the main functions implemented by the Central bank? (4)
It prints the national currency and determines foreign exchange rates
it advises the Government on monetary and credit policies and maintains record of Government revenue and expenditure
offer stockbroking and portfolio management services to rich corporate and individual clients
it decides on the interest rates for bank deposits and bank loans
maintain deposit accounts of all other banks and advances money to other banks, when needed
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
What are the main types of deposits? (3)
Current Deposit
Interest Deposit
Fixed deposit
Savings deposit
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Fixed deposits can be withdrawn any time, but current deposits can not
Current deposits can be withdrawn any time, but fixed deposits can not
What types of loans do you know? (3)
Savings
Cash credit
overdraft
current
Mortage
What are the primary functions of commercial banks? (2)
accepting deposits
collection of checks
granting loans
foreign exchange
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
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
What is collateral?
Hollywood movie with Tom Cruise
an asset to secure the loan
the board of directors of the central bank
member of bank staff
Who are blue chips?
Very rich bankers
Wealthy government officers
poor people
very safe large companies
Which of the following are services granted by the banks? (3)
Mobile banking
Net-banking
Collateral
ATM
Safeguarding
What are the advantages of keeping money in the bank? (2)
interest
protection of funds
The possibility of withdrawing money anytime with high interest rates
good pension
Why banks make profit? The main source
They collect more interest than they pay to savers
They pay more to savers than they collect
They sell a lot of currency
They render a lot of consult services
What kind of bank does not take or keep the money of individual?
investment (merchant)
commercial
retail
savings
Which of the following are Central banks? (3)
Federal Reserve of the United States
Bank of England
Central Bank of Russia
Barclays
Sberbank
What are the examples of banks?
central bank
commercial (retail) bank
savings and loans banks
development banks
all of them
What was the cause of the global banking crisis in 2008?
Banks gave mortgages without checking financial backgrounds of clients
Banks did not give loans to individuals
Banks did not give loans to business
The collapse of US currency
What year did the first world wide banking crisis emerged?
1929
2008
1998
1914
What can you pay for?
rent, bill, a fine
inherit, earn, win, sell
have, pay, owe, own, invest
pay for, pay with, pay in
How can you get money?
rent, bill, a fine
inherit, earn, win, sell
have, pay, owe, own, invest
pay for, pay with, pay in
How can you get money?
rent, bill, a fine
inherit, earn, win, sell
have, pay, owe, own, invest
pay for, pay with, pay in
Where is the world’s oldest bank?
England
Italy
Egypt
Russia
Which American President signed a bill in which the government guaranteed the savings of depositors if a bank went bankrupt?
Franklin D. Roosevelt
Theodore Roosevelt
Benjamin Franklin
Joe Biden
When was the world’s first credit card issued?
1960
1950
1970
1940
What is the name of the central bank in USA?
The central bank of the USA
Federal Reserve
The Monitary Authority of the United States of America
Federal Express
What is the name of the central bank in Great Britain?
Bank of England
Bank of the United Kingdom
Bank of EU
British Bank
