BANKING SERVICES

BANKING SERVICES

9th Grade

10 Qs

quiz-placeholder

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BANKING SERVICES

BANKING SERVICES

Assessment

Quiz

Other

9th Grade

Hard

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azlena ho

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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a function of commercial banks?

acting as bankers to government

deciding interest rates for savers and borrowers

lending to businesses and personal customers

organising import and export trade

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which banking service is used if money is urgently required overseas?

bank draft

cheque

direct debit

electronic transfer

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which service is NOT available to bank customers through Automatic Teller Machines (ATMs)?

checking the balance of their accounts

organising personal loans

requesting printed bank statements

withdrawing cash

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A trader with a bank current account wishes to make monthly payments for a trade journal. Which method of payment would be most suitable to use?

bank draft

bank notes

cable transfer

standing order

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

On what type of bank account may a trader draw cheques?

current account

deposit account

investment account

loan account

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A night safe is used for the safekeeping of

cheque books when they are not in use.

jewellery and important documents.

money collected after banking hours.

money deposited during the day.

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Banks provide automatic teller machines (ATMs) at which customers can use debit cards to obtain cash. For which other purpose can a customer use an ATM?

checking the balances of accounts

exchanging bank notes for coins

organising a personal loan

requesting an interview at the bank

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