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Banking Operations and Deposit Liabilities Quiz
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Banking Operations and Deposit Liabilities Quiz

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Questions and Answers

What is the main objective of a bank according to the text?

  • Providing loans to the public
  • Creating and controlling the money supply
  • Maximizing profit (correct)
  • Safeguarding deposits and providing loans
  • What distinguishes banks from other financial institutions like stockbrokers?

  • Acting as financial intermediaries
  • Specialization in taking deposits and granting loans (correct)
  • Profit-seeking business model
  • Dealing in money and credit
  • What are deposits for banks according to the text?

  • Liabilities repayable on fixed terms
  • Assets repayable on fixed terms
  • Liabilities repayable on demand (correct)
  • Assets repayable on demand
  • What is the core activity of a bank as mentioned in the text?

    <p>Safeguarding deposits and providing loans</p> Signup and view all the answers

    What is the mechanism through which the money supply of the country is created and controlled, according to the text?

    <p>Banking system</p> Signup and view all the answers

    What is the main objective of a bank?

    <p>Maximizing profit through careful management of public deposits</p> Signup and view all the answers

    What distinguishes banks from stockbrokers and other financial institutions?

    <p>Specialization in accepting deposits and granting loans</p> Signup and view all the answers

    What are deposits for banks?

    <p>Liabilities that are repayable on demand</p> Signup and view all the answers

    What is the core activity of a bank?

    <p>Safeguarding deposits and providing loans to the public</p> Signup and view all the answers

    What is the mechanism through which the money supply of the country is created and controlled?

    <p>Banking process</p> Signup and view all the answers

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