10 Questions
Match the following aspects of establishing a bank with their descriptions:
Economic Justification = Degree of competition, risk, potential customers, availability of manpower, local businesses and products, and people's habits and customs Selection of Stockholders = Good moral character, knowledge in banking, necessary capital, known in the community as honest and righteous citizens Determination of Bank Type = Depends on economic survey, income of the community, business and industries, population of the place, and number of banks and actors
Match the following criteria for bank stockholders with their descriptions:
Good Moral Character = Person of integrity and honesty Adequate Knowledge in Banking = Understanding of the banking industry Equipped with Necessary Capital = Has the financial resources to invest in the bank Known in the Community as Honest and Righteous Citizens = Reputation in the local community
Match the following factors with their role in the establishment of a bank:
Degree of Competition in the Business = Determines the potential market share and profitability of the bank Availability of Manpower = Affects the bank's ability to recruit and retain qualified employees Habits and Custom of People = Influences the demand for banking services Businesses and Products within the Locale = Determines the potential customer base for the bank
Match the following aspects of a community with their role in the establishment of a bank:
Income of the Community = Indicates the potential for deposit growth and loan demand Population of the Place = Determines the size of the potential customer base Number of Banks and Actors = Impacts the level of competition in the market Business and Industries = Affects the demand for banking services
Match the following aspects of a bank with their role in the establishment process:
Economic Justification = Determines the need for a new bank in the market Selection of Stockholders = Ensures the bank is owned by qualified individuals Determination of Bank Type = Defines the scope and nature of the bank's operations
Economic ______ for banks - ascertain the degree of competition in the business, the degree of risk, potential customers, availability of manpower, the businesses and products within the locale, the habits and custom of people, and such other matters which will contribute to the bank’s successful operation.
justification
Selection of ______ - should ascertain they are of good moral character, adequate knowledge in the business of banking, equipped with the necessary capital, known in the community as honest and righteous citizens and are both willing and able to contribute the banks success.
stockholders
Determination of the kind of ______ to be formed – depends on the economic survey; income of the community, business and industries, the population of the place and number of banks and actors which lead to a decision on.
bank
General Aspects in establishing ______
Banks
This chapter provides the basic information about establishing a ______, including pertinent laws, rules and regulations.
bank
Test your knowledge on establishing banks with this quiz! Learn about the economic justification, laws, rules, and regulations involved in bank organization. Explore topics such as competition, risk assessment, potential customers, and more. Challenge yourself and gain valuable insights into the process of setting up a successful bank.
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