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Banking Basics
Author :
Rahma asni dafala
1.
What is the main function of a commercial bank?
A
Providing investment advice
B
Accepting deposits and granting loans
C
Issuing credit cards
2.
What is the primary role of a central bank?
A
Controlling the country's money supply
B
Providing mortgage loans
C
Offering personal banking services
3.
What is an investment bank primarily involved in?
A
Providing retail banking services
B
Offering savings accounts
C
Underwriting securities and advising on mergers and acquisitions
4.
What is the main characteristic of a retail bank?
A
Providing business loans
B
Serving individual customers
C
Managing pension funds
5.
What is a credit union?
A
A cooperative financial institution owned by its members
B
A private investment firm
C
A government-owned bank
6.
What is a savings bank primarily focused on?
A
Providing business loans
B
Offering credit cards
C
Accepting and safeguarding deposits
7.
What is the main purpose of an online bank?
A
Issuing physical banknotes
B
Providing banking services through the internet
C
Offering investment advice
8.
What is a community bank?
A
A government-owned bank
B
A locally owned and operated financial institution
C
A multinational bank
9.
What are some common bank products?
A
Real estate properties and stocks
B
Insurance policies and mutual funds
C
Checking accounts, savings accounts, and loans
10.
What are some common bank services?
A
ATM withdrawals, online banking, and wire transfers
B
Tax preparation services and legal advice
C
Home renovations and car repairs