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UNIT 1 RETAIL BANKING TCNH

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.
An account which pays interest to the depositors
a)
checking account
b)
savings account
c)
loan account
d)
investment account
2.

An estimate of the ability of a person or organization to repay their loans

a)
credit limit
b)
charge
c)
mortgage
d)
credit rating
3.

a document of financial transactions occurring within a given period for each bank account

a)
bank statement
b)
standing order
c)
financial authority
d)
building society
4.

money you receive when deposit money at a bank

a)
bond
b)
takeover
c)
Interest
d)
overdraft
5.

the conversion of one currency into another currency

a)

law

b)

withdraw

c)

traveller'

d)
foreign exchange
6.

A _______ allows customers to keep their money safe and earn some interest on their deposits.

a)
current account
b)
term deposit account
c)
savings account
d)
pension account
7.

A _______offers very low nterest but account holders can withdraw money or make payments at any time.

a)
current account
b)
savings account
c)
term deposit account
d)
retirement account
8.

A _______ offers the highest interest rates but requires you to lock in your money for a specific period.

a)
current account
b)
savings account
c)
term deposit account
d)
retirement account
9.

My father is still considering his options, as both banks offer the same interest rate of 6.2%/year on _______.

a)
current account
b)
savings account
c)
term deposit account
d)
pension account
10.

A _______________ allows individuals to save for their retirement from employers or government incentives

a)
current account
b)
savings account
c)
term deposit account
d)
pension account
11.

A couple planning to manage their household finances should consider opening a/an _______________ account to share financial responsibilities.

a)
joint account
b)
savings account
c)
term deposit account
d)
pension account
12.

In Vietnam, ________ provide short-term loans to individuals and businesses, and daily functions of a bank.

a)
commercial banks
b)
investment banks
c)
private banks
d)
hedge funds
13.

_______ work with big companies, giving financial advice, raising capital, arranging mergers and takeover bids,.

a)
commercial banks
b)
investment banks
c)
private banks
d)
hedge funds
14.

Very rich and wealthy individuals can use _______ , (such as HSBC) for banking and investment services.

a)
private banks
b)
commercial banks
c)
retail banks
d)
Islamic banks
15.

The _______ are private investment funds for wealthy investors in order to achieve higher returns.

a)
retail banks
b)
non-bank financial intermediaries
c)
hedge funds
d)
national banks
16.

Some food retailers and department stores offer personal loans, credit cards and insurance. Technically these are _______.

a)
retail banks
b)
investment banks
c)
non-bank financial intermediaries
d)
commercial banks
17.

The ________ bank is responsible for controlling a country's monetary policies and regulating the banking system of the country.

a)
investment
b)
retail
c)
central
d)
private
18.

________ in Vietnam help individuals and businesses receive compensation money (tiền bồi thường) when they suffer from accidents .

a)
insurance companies
b)
private banks
c)
credit unions
d)
mutual funds
19.

In Vietnam, ________ can offer investment opportunities for individual investors through financial markets.

a)
commercial banks
b)
securities firms
c)
insurance companies
d)
investment banks
20.

the maximum amount of money that you can spend with a single credit card

a)
credit limit
b)
debt
c)
ownership
d)
pension