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Questions and Answers
What does banking refer to?
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?
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?
Which of the following is a key function of banking?
- Offering legal advice
- Performing agricultural activities
- Facilitating monetary transactions (correct)
- Providing health services
Flashcards
Banking
Banking
Services provided by financial institutions.
Key Function of Banking
Key Function of Banking
Facilitating monetary transactions.
NOT a Banking Service
NOT a Banking Service
Investing money.
