Role of Financial Institutions in the Economy
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Questions and Answers

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?

  • 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?

  • Trade unions (correct)
  • Cooperative
  • Corporation
  • None of the choices

    • What does it mean when a corporation has unlimited life?

    <p>Not ceasing to exist if a major stockholder dies</p> Signup and view all the answers

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