Retail Banking Industry and Processes, Finance And Accounting

Question: What does the term "Debenture" imply?
A
A long term loan at prime market rate

B
A loan for the purchase of securities

C
A short term loan at an adjustable rate

D
A long term loan to a company, usually at a fixed rate of interest and for a specific term

Note: Answer not sure
1. Report
Question: How do banks offer services to all levels and types of individuals and still earn money?
A
By sending potentially risky customers to other banks

B
By finding ways to exploit the rich customers to subsidize the poor ones

C
By having a variety of account types and fee structures offering something to everyone

D
By being exclusive and catering only to high net worth individuals

Note: Answer not sure
1. Report
Question: Which of the following is a requirement that a bank has to comply with?
A
Minimum number of customers

B
Minimum number of employees

C
Minimum salaries

D
Minimum capital

Note: Answer not sure
1. Report
Question: Which of the following is a feature often found in an offshore bank account, not usually found in an onshore bank account?
A
Debit cards

B
Facility to write checks

C
Unnamed accounts

D
Wire transfer ability

Note: Answer not sure
1. Report
Question: What is meant by the term Retail Banking?
A
Banking institutions executing transactions with companies

B
Banking institutions executing transactions with foreign countries

C
Banking institutions executing transactions with consumers

D
Banking institutions executing transactions with other banks

Note: Answer not sure
1. Report
Question: What is another name for a bill of exchange?
A
A savings account

B
A checking account

C
A certificate of deposit

D
A check

Note: Answer not sure
1. Report
Question: Why are offshore banks often able to offer a client higher interest rates?
A
Lower cost structure allows them to pay higher interest rates

B
They give away all of their earnings to their clients

C
They steal money from other clients to pay higher interest

D
Their laws require them to pay higher rates

Note: Answer not sure
1. Report
Question: What is the government entity that insures bank balances?
A
SEC

B
FDIC

C
IRS

D
GAAP

Note: Answer not sure
1. Report
Question: What is meant by "restrictive endorsement"?
A
Merely signing a check

B
Indorsing a check with terminology limiting how the funds can be applied

C
Writing a check out to a specific person

D
Presenting a check to a bank

Note: Answer not sure
1. Report
Question: What are the four requirements for a promissory note to be legal?
A
An unconditional order, a specific amount, being payable to a specific person, being payable on a specific date

B
Being payable to a specific person, being payable on a specific date, that both parties belong to the same bank, being payable in US currency

C
A specific amount, being payable to a specific person, only in U.S. funds, for a specific good or service

D
An unconditional order, being payable to a group of people, being payable on any given day in a 30 day time frame and for a specific amount

Note: Answer not sure
1. Report

First Prev 1 2 3 4 Next Last

Question: What does the term "Debenture" imply?

Question: How do banks offer services to all levels and types of individuals and still earn money?

Question: Which of the following is a requirement that a bank has to comply with?

Question: Which of the following is a feature often found in an offshore bank account, not usually found in an onshore bank account?

Question: What is meant by the term Retail Banking?

Question: What is another name for a bill of exchange?

Question: Why are offshore banks often able to offer a client higher interest rates?

Question: What is the government entity that insures bank balances?

Question: What is meant by "restrictive endorsement"?

Question: What are the four requirements for a promissory note to be legal?