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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?

Safeguarding deposits and providing loans (A) 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?

Banking system (D) Signup and view all the answers

What is the main objective of a bank?

Maximizing profit through careful management of public deposits (D) Signup and view all the answers

What distinguishes banks from stockbrokers and other financial institutions?

Specialization in accepting deposits and granting loans (A) Signup and view all the answers

What are deposits for banks?

Liabilities that are repayable on demand (A) Signup and view all the answers

What is the core activity of a bank?

Safeguarding deposits and providing loans to the public (B) Signup and view all the answers

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

Banking process (A) Signup and view all the answers