Finance And Accounting

Question: What is meant by the term "Redemption"?
A
Cashing in a bond coupon

B
Receiving interest on a loan

C
Opening a secondary bank account

D
Paying off a mortgage loan in full

Note: Answer not sure
1. Report
Question: How is a savings account different from a certificate of deposit?
A
Savings accounts are only at banks, cd's are only at credit unions

B
Savings accounts can be added to or withdrawn from at any time, CDs can not be

C
Savings accounts are for anyone, cd's are only for rich people

D
Savings accounts are required by anyone having a checking account, CDs are not

Note: Answer not sure
1. Report
Question: What is the signing of a check on its back by the payee referred to as?
A
Writing the check

B
Indorsing the check

C
Cashing the check

D
Monopolizing the check

Note: Answer not sure
1. Report
Question: What is the process which the Federal Reserve uses to influence the availability and cost of money and credit called?
A
Credit policy

B
Monetary policy

C
Credit rating

D
Federal reserve system

Note: Answer not sure
1. Report
Question: Why is a negotiable instrument a "special contract"?
A
Because nobody has to sign it

B
Because it is always only for services, not goods

C
Because there is no date written on it

D
Because it does not include the typical requirements of a contract such as offer, acceptance and consideration

Note: Answer not sure
1. Report
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

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Question: What is meant by the term "Redemption"?

Question: How is a savings account different from a certificate of deposit?

Question: What is the signing of a check on its back by the payee referred to as?

Question: What is the process which the Federal Reserve uses to influence the availability and cost of money and credit called?

Question: Why is a negotiable instrument a "special contract"?

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?