10 Questions
What is the main objective of a bank according to the text?
Maximizing profit
What distinguishes banks from other financial institutions like stockbrokers?
Specialization in taking deposits and granting loans
What are deposits for banks according to the text?
Liabilities repayable on demand
What is the core activity of a bank as mentioned in the text?
Safeguarding deposits and providing loans
What is the mechanism through which the money supply of the country is created and controlled, according to the text?
Banking system
What is the main objective of a bank?
Maximizing profit through careful management of public deposits
What distinguishes banks from stockbrokers and other financial institutions?
Specialization in accepting deposits and granting loans
What are deposits for banks?
Liabilities that are repayable on demand
What is the core activity of a bank?
Safeguarding deposits and providing loans to the public
What is the mechanism through which the money supply of the country is created and controlled?
Banking process
Test your knowledge of banking operations, deposit liabilities, and profit maximization with this quiz. Explore the core activities of banks as financial intermediaries and their role in accepting deposits and lending money to the public.
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