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Financial Institutions Quiz
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Financial Institutions Quiz

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@IdolizedLime

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Questions and Answers

Types of Financial Institutions include; 1. ______ Central bank of Oman Commercial Banks Investment banks Islamic banks

Banks

Types of Financial Institutions include; 2. ______ companies

Insurance

Types of Financial Institutions include; 3. ______ companies

Leasing

Definition of ______ Is the financial institution that provides financial services including;  Issuing money in various forms  Receiving deposit of money  Lending money  Processing transactions  Creating credit

<p>Banks</p> Signup and view all the answers

Definition of Central Bank The ______

<p>central bank</p> Signup and view all the answers

Customer check deposited into bank journal entry Account Bank Debit Credit XXX

<p>Accounts receivable</p> Signup and view all the answers

Check payment made to a supplier Account Accounts payable Bank Debit Credit ______

<p>XXX</p> Signup and view all the answers

Cash withdrawal from bank Account Debit Cash Credit XXX

<p>Bank</p> Signup and view all the answers

Bank charge Account Bank charges Bank Debit Cr.

<p>XXX</p> Signup and view all the answers

Debtor deposit $10,000 cheque into the bank Account Debit Bank $10,00 Credit A/R(Ali) $10,00

<p>XXX</p> Signup and view all the answers

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