Banking 101
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Questions and Answers

What does banking refer to?

  • Services provided by financial institutions (correct)
  • Services provided by insurance companies
  • Services provided by telecommunications companies
  • Services provided by retail stores

    • Which of the following is NOT a service provided by financial institutions under banking?

  • Transferring money
  • Depositing money
  • Borrowing money
  • Investing money (correct)

    • Which of the following is a key function of banking?

  • Offering legal advice
  • Performing agricultural activities
  • Facilitating monetary transactions (correct)
  • Providing health services

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