What is the function of a bank?
FIN367 CH1

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Business
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University
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Medium
Joycelyne Nyandang
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Charity
No function
Lending fund
Operating financial system
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the client(s) of a bank?
Money lender
Organization
Pet
Tree
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A bank is a financial institution that provide loan (funds) to its client.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
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
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
SME stands for Small and Maximum Enterprises
True
False
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