WorksheetsBANKS
Total questions: 10
Worksheet time: 7mins
Banks are related to which field ?
Mathematics
History
Business and Commerce
literature
What is lending in banking ?
Sharing a financial asset
Giving loans to customers
Starting a business
Taking loans by the banks
Banks are useful in what ways?
In safe guarding cash
Ensuring you get access to liquidity
You can track your expenditure history
You can borrow loans
All of the above
Which among the following is true about checking account?
They have more service than savings account.
They have minimum balance requirement
You have to pay some fees to have checking account
All of the above
FDIC stands for -Federal Deposit (a) Corporation
What is the meaning of the term dividends ?
It is a mathematical formula
It means profit provided to the share holders
Dividend and Interest is same
Name the current Chair of the Federal Reserve of the United States.
Alan Greenspan
Janet Yellen
Ben Bernanke
Jerome Powell
ATM stands for?
Automated teller machine
Any time money
Automatic type of money
All-time money
Transactions by Debit card and Credit card are examples of which type of transactions?
Cheque
Physical Withdrawl
Electronic transaction
None of the above
The central bank in the USA is called?
Federal Reserve
Reserve bank of America
Bank of America
Central American Bank
