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Questions and Answers
Which of the following is a function of a bank?
Which of the following is a function of a bank?
- Serves as link between the source of funds, the depositor, the fund user, and the borrower (correct)
- Does not provide safe keeping place for money and valuables of individuals
- Receive savings and deposits of their clients
- All of the above
In what category of banks does a private development bank belong?
In what category of banks does a private development bank belong?
- Commercial banks
- Rural Banks
- None of the choices (correct)
- Thrift banks
What refers to a voluntary association of either employees, employers, or independent workers to protect their interest and avoid maltreatment?
What refers to a voluntary association of either employees, employers, or independent workers to protect their interest and avoid maltreatment?
- Trade unions (correct)
- Cooperative
- Corporation
- None of the choices
What does it mean when a corporation has unlimited life?
What does it mean when a corporation has unlimited life?
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