Podcast
Questions and Answers
What is the primary function of a commercial bank?
What is the primary function of a commercial bank?
- Buying and selling foreign exchange and offering online banking
- Accepting deposits and advancing loans (correct)
- Issuing credit cards and processing tax payments
- Selling treasury bonds and providing housing loans
Which product contributes the largest portion of a commercial bank's deposit bulk?
Which product contributes the largest portion of a commercial bank's deposit bulk?
- Demand deposit
- Checking account
- Savings account (correct)
- Time deposit
What is an example of an agency function of a commercial bank?
What is an example of an agency function of a commercial bank?
- Issuing credit cards
- Providing housing loans
- Offering online banking services
- Buying and selling foreign exchange (correct)
Which service is NOT typically offered by a commercial bank?
Which service is NOT typically offered by a commercial bank?
What is an example of a remittance service provided by a commercial bank?
What is an example of a remittance service provided by a commercial bank?
What is the primary source of interest income for a commercial bank?
What is the primary source of interest income for a commercial bank?
Which product contributes the smallest portion of a commercial bank's deposit bulk?
Which product contributes the smallest portion of a commercial bank's deposit bulk?
Which service is NOT typically offered by a commercial bank?
Which service is NOT typically offered by a commercial bank?
What is an example of a short-term loan provided by a commercial bank?
What is an example of a short-term loan provided by a commercial bank?
What function allows banks to receive commission fees?
What function allows banks to receive commission fees?
Flashcards
Commercial Bank's Primary Function?
Commercial Bank's Primary Function?
Accepting deposits and advancing loans to individuals and businesses.
Largest Deposit Contributor?
Largest Deposit Contributor?
Savings accounts usually form the bulk of deposits due to their accessibility and interest-earning potential.
Agency Function Example?
Agency Function Example?
Acting as agents to buy and sell foreign exchange on behalf of customers.
Remittance Service Example?
Remittance Service Example?
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Primary Source of Interest Income?
Primary Source of Interest Income?
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Smallest Deposit Contributor?
Smallest Deposit Contributor?
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Short-Term Loan Example?
Short-Term Loan Example?
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Function that Allows Commission Fees?
Function that Allows Commission Fees?
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