Commercial bank practice

Commercial bank practice

University

10 Qs

quiz-placeholder

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Commercial bank practice

Commercial bank practice

Assessment

Quiz

Business

University

Hard

Created by

Shuceyb Abdi Mohamed

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

As Mentioned by

"A bank is a person or corporation which hold itself out to receive from the public, deposits payable on demand by cheque"

Walter Leaf

Prof. Kinley

Horace White

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Commercial bank....

Commercial bank is a profit-seeking business firm, dealing in money and credit.

Commercial bank is a profit-seeking business firm, dealing in Monopoly Note issue.

Commercial bank is a profit-seeking business firm, dealing in Macroeconomic stability.

None of the Above

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Money added to a bank account is called?

Withdraw

Tax

Deposit

Fee

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Co-operative Banks are mainly for short periods.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Current Deposits: are also known as time deposits

True

False

6.

FILL IN THE BLANK QUESTION

1 min • 2 pts

Media Image

Identify the logo

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The Following are the various sources of a bank's profit

Interest on loans

Interest on investment

Discounts

Commission, brokerage

All Above

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