FIN367 CH1

FIN367 CH1

University

10 Qs

quiz-placeholder

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FIN367 CH1

FIN367 CH1

Assessment

Quiz

Business

University

Medium

Created by

Joycelyne Nyandang

Used 105+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What is the function of a bank?

Charity

No function

Lending fund

Operating financial system

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who is the client(s) of a bank?

Money lender

Organization

Pet

Tree

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

A bank is a financial institution that provide loan (funds) to its client.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The definition of a financial institution a person carrying on a financial business regulated under....

the laws enforced by the central bank

the laws enforced by a bank representative

the laws enforced by insurance

the laws enforced by the bank

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Which Act is the statement stated in: “The word "Bank” unless such person is licensed under this Act to carry on banking business or investment banking business”

Central Bank of Malaysia Act 2009

Financial services Act 2013

BAFIA Act 1989

None of the above

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Under bank lending business, there are several provision of financing occurs, EXCEPT

Lending of money

Leasing businesses

Factoring businesses

selling of bills of exchange, promissory notes, certificates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

SME stands for Small and Maximum Enterprises

True

False

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