Savings

Savings is the act of putting money or valuables aside for

• our parent

• Future use

• Our school fees

• Now use

One of the most common way of saving in modern times is

• In the shelf

• In the hole

• In the bank

• Anywhere

Apart from money, we can also save valuable documents and items in the bank

• True

• False

• Maybe

• Never

Things that are saved in the bank are called

• Interest

• Loan

• Funds

• Deposits

Money saved in the bank generates ______ for the owners

• Funds

• deposit

• Loan

• Interest

Apart from saving money, a customer can also borrow money from the bank in form of _____

• Loan

• Deposit

• Interest

• Paper

The apex bank in Nigeria is

• Development bank

• Community bank

• Central bank of Nigeria

• Merchant bank

The CBN was established in what year?

• 1957

• 1958

• 1959

• 1969

Which of the following is a privately owned bank?

• Merchant bank

• Commercial bank

• Community bank

• Development bank

Which of the following is not an example of commercial bank in Nigeria?

• GT bank

• Eco bank

• Stanbic IBTC bank

• Development bank