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Questions and Answers
What is the primary function of a bank?
What is the primary function of a bank?
- To issue credit cards and travelers' cheques
- To accept deposits from the public and grant loans (correct)
- To provide agency services to customers
- To invest in securities and stocks
What is a key characteristic of bank deposits?
What is a key characteristic of bank deposits?
- They can be withdrawn at any time (correct)
- They are not guaranteed safe
- They do not earn interest
- They are only accessible during business hours
What is an incidental activity of banking?
What is an incidental activity of banking?
- Providing agency services to customers (correct)
- Lending or investing deposits
- Manufacturing and selling banking equipment
- Accepting deposits from the public
What is a benefit of depositing money in a bank?
What is a benefit of depositing money in a bank?
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What is a service provided by banks to customers?
What is a service provided by banks to customers?
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What is the role of a banker?
What is the role of a banker?
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What is a type of financial service provided by banks?
What is a type of financial service provided by banks?
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What is the primary goal of banking activities?
What is the primary goal of banking activities?
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What is a characteristic of banking?
What is a characteristic of banking?
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What is a benefit of banking activities?
What is a benefit of banking activities?
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