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Questions and Answers
What is the meaning of 'bank'?
What is the meaning of 'bank'?
- A term used in computer science for data storage
- A financial institution that provides various financial services (correct)
- A type of furniture used for sitting and relaxing
- A piece of land by a river or lake, used for storing water
How is 'bank' commonly used?
How is 'bank' commonly used?
- To describe a computer memory unit
- To deposit and withdraw money, and obtain loans and mortgages (correct)
- To refer to a seating arrangement
- To store agricultural produce
What distinguishes a 'bank' from other institutions?
What distinguishes a 'bank' from other institutions?
- It is involved in computer programming and data storage
- It is solely focused on providing furniture
- It primarily deals with agricultural activities
- It is authorized to accept deposits and make loans (correct)
What is the primary function of a bank?
What is the primary function of a bank?
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What distinguishes a bank from other financial institutions?
What distinguishes a bank from other financial institutions?
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In the context of banking, what does 'liquidity' refer to?
In the context of banking, what does 'liquidity' refer to?
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