Types of Banking Institutions Quiz
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Questions and Answers

What type of bank combines all services of all banks?

  • Thrift Bank
  • Islamic Bank
  • Cooperative Bank
  • Universal Bank (correct)
  • Which type of bank primarily focuses on traditional banking activities?

  • Islamic Bank
  • Cooperative Bank
  • Commercial Bank (correct)
  • Thrift Bank
  • What type of institution specializes in buying and selling of securities?

  • Pawnshop
  • Investment Bank (correct)
  • Credit Union
  • Cooperative Bank
  • Which institution provides insurance in case of loss to insured individuals and firms?

    <p>Insurance Companies</p> Signup and view all the answers

    Which bank forbids lending money or charging interest?

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

    Which government bank is primarily focused on development initiatives?

    <p>Land Bank of the Philippines</p> Signup and view all the answers

    Which type of institution is controlled by the government and focuses on fund management and equity financing?

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

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