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Questions and Answers
What does a bank ombudsman do?
What does a bank ombudsman do?
- Look into complaints if other modes have failed (correct)
- Provide small loans to the poor
- Provide mobile banking services
- Assess an individual's credit history
What is the main purpose of micro financing?
What is the main purpose of micro financing?
- To provide mobile banking services in rural areas
- To assess credit ratings of individuals
- To provide annual percentage yield on investments
- To help raise the income level of the poor (correct)
What is a joint account?
What is a joint account?
- An account with automated clearing house services
- An account where people share equal rights and liabilities (correct)
- An account with high annual percentage yield
- An account with credit bureaus collect data
What does ACH stand for in banking terminology?
What does ACH stand for in banking terminology?
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What is the significance of credit rating in obtaining a loan?
What is the significance of credit rating in obtaining a loan?
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Which of the following is NOT a type of cash equivalent?
Which of the following is NOT a type of cash equivalent?
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What does the acronym APR stand for?
What does the acronym APR stand for?
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What is the primary function of an ACH (Automated Clearing House) payment system?
What is the primary function of an ACH (Automated Clearing House) payment system?
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Which of the following is NOT a factor that influences the APY (Annual Percentage Yield) earned on a certificate of deposit (CD)?
Which of the following is NOT a factor that influences the APY (Annual Percentage Yield) earned on a certificate of deposit (CD)?
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What is the purpose of an ATM (Automated Teller Machine)?
What is the purpose of an ATM (Automated Teller Machine)?
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