Banking

A way of communicating with your bank using a computer

• telephone banking

• commercial banking

• personal banking

• computer banking

A bank account that you can take money out of at any time.

• Current account

• Deposit account

• Savings account

• Overdraft

One of the equal parts into which the ownership of a company is divided

• Mortgage

• Refund

• Overdraft

• Share

The coins and paper bills used as money in a society

• Prices

• Currency

• Bond

• Checks

A small plastic card that you use to buy goods or services (even if you don't have the amount on your account at the moment).

• Debit card

• Credit card

• Cash card

What of the following is true? Bank... (4)

• is a financial institution

• is a financial intermediary

• is a private business and is not regulated

• connects customers that have capital deficits to customers with capital surpluses

• accepts deposits and channels those deposits into lending activities

What is collateral?

• Hollywood movie with Tom Cruise

• an asset to secure the loan

• the board of directors of the central bank

• member of bank staff

Which of the following are services granted by the banks? (3)

• Mobile banking

• Net-banking

• Collateral

• ATM

• Safeguarding

Which types of banks can you name? (3)

• Central bank

• Investment bank

• Non-profit bank

• Commercial bank

Which of the following are the functions of commercial banks (both primary and secondary)? (3)

• maintain record of Government revenue and expenditure

• determine foreign exchange rates

• exchange foreign currencies

• receive deposits

• give loans