Banking (International & Electronic Banking

The fundamental functions of a _____________ during the past two centuries have been making loans, receiving deposits, and lending credit either in the form of bank notes or of "created" deposits.

• Investment Bank

• Central Bank

• Commercial Bank

• Merchant Bank

The History of Banking begins with the first prototype banks of merchants of the ancient world that made ______ loans to farmers and traders carrying goods between cities; recorded as having occurred at about 2000 BC within the areas of Assyria and Babylonia.

• currency

• grains

• rice

• crop

Perhaps the most famous Italian bank was the Medici bank, established by Giovanni Medici in _________.

• 1297

• 1279

• 1397

• 1379

The bank of the importer.

• Issuing bank

• Advising bank

• Confirming bank

• Accepting bank

The first 4 characters of the SWIFT Code represents what?

• Bank Identifier Code

• Country code

• Branch code

• Bank Code

Traditional bank which is primarily a brick and mortar institution with tellers, safe deposit boxes, vaults and ATMs.

• Commercial Bank

• Investment Bank

• Retail Bank

• Merchant Bank

A non-profit financial institution that is owned and operated entirely by its members that provide financial services for their members, including savings and lending.

• Commercial banks

• Credit Unions

• Thrift Banks

• Cooperative Banks

These regional, privately-owned and government-sponsored banks make loans to farmer-owned marketing, supply and service cooperatives, and rural utilities.

• Commercial Banks

• Thrift Banks

• Credit Unions

• Cooperative Banks

This type of bank do not provide regular banking services to the general public, but deals mostly to international finance, long-term loans for companies and underwriting.

• Merchant banks

• Investment banks

• Universal banks

• Commercial banks

This type of bank ensures that investors receive dividends and capital gains and handles tax payments that may be due in the country where the share-issuing company is headquartered.

• Depository bank

• Investment bank

• Commercial bank

• Universal bank