POB Business Finance 1

Presentation

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Business

•

10th Grade

•

Medium

Shauna-Kay Herah

Used 14+ times

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2 Slides • 5 Questions

POB Business Finance 1

Multiple Choice

Which one is the primary function of commercial bank?

Receiving deposits

Controlling loan

Issuing note

Leading money market

Multiple Choice

Which of the following is not a function of Central Bank?

Guiding and regulating the Banking System of a country

Acts essentially as Government Banker

Deals with the General Public

Maintains deposit accounts of all other Banks.

Multiple Choice

Banks create money by taking in deposits, making _______, and charging _______.

interest, payments

loans, interest

payments, loans

debt, loans

Multiple Choice

Your aunt buys you a new outfit for the first day of school. She pays with a card and tells you she’ll pay for it at the end of the month when she gets her bill.

Debit card

Credit card

Multiple Choice

Your mom goes to the ATM at the bank and withdraws $300 from her savings account with her card.

Debit card

Credit Card

.........

.............................................

POB Business Finance 1

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