This quiz works best with JavaScript enabled. Home > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 19 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This is a bank check you can order in case someone doesn't accept personal checks. A) Certified Check. B) Cashier's Check. C) Coat Check. D) Cross Check. Show Answer Correct Answer: B) Cashier's Check. 2. Governments can raise money to finance public spending through the sale of ..... A) James. B) Bonds. C) Shares. D) Stocks. Show Answer Correct Answer: B) Bonds. 3. Patrick has bought one too many video games and has not paid his speeding ticket, which has to be paid TODAY. He needs money fast and he can pay it back when he gets paid Friday. Which one will he most likely choose? A) Title Pawn. B) Credit Union. C) Payday Loan. D) Bank. Show Answer Correct Answer: C) Payday Loan. 4. If you write a check for $ 100 but you only have $ 50 in your account ..... A) No one will care until the check comes to the bank. B) You have just overdrafted your account. C) You need to make a deposit before the check comes to the bank. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. Businesses that provide financial services A) Online banking. B) Depository Institutions. C) Interest rate. D) Checking account. Show Answer Correct Answer: B) Depository Institutions. 6. The Malaysian financial system is structured into two major categories, Financial Institutions and ..... A) Financial Supply & Demand. B) Financial Market. C) Financial Management. D) Financial Challenges. Show Answer Correct Answer: B) Financial Market. 7. I have to pay this when I do not follow the rules of the bank ..... A) Withdrawal. B) Fee. C) Overdraft. D) Deposit. Show Answer Correct Answer: B) Fee. 8. Money that financial institutions lend to others A) Creates more jobs. B) Reduces spending by consumers. C) Causes interest rates to decline. D) Lower taxes. Show Answer Correct Answer: A) Creates more jobs. 9. When there is a fundraiser at school, it is much easier to pay with a ..... instead of handing a student cash or my credit card information. A) Overdraw. B) Withdraw. C) Check. D) Savings. Show Answer Correct Answer: C) Check. 10. Everything else held constant, a decline in interest rates will cause spending on housing to A) Fall. B) Remain unchanged. C) Either rise, fall, or remain the same. D) Rise. Show Answer Correct Answer: D) Rise. 11. Which of the following is NOT a common feature of a financial institution? A) Access to investment products. B) Paper checks. C) Access to ATMS. D) Direct deposit. Show Answer Correct Answer: A) Access to investment products. 12. At your request, banks can automatically perform all of the following services EXCEPT ..... A) Debit card advances. B) Direct deposits. C) Loan payments. D) Transfer between accounts. Show Answer Correct Answer: A) Debit card advances. 13. Money is widely accepted as a method of payment. A) Store of value. B) Unit of account. C) Medium of exchange. D) Commodity. Show Answer Correct Answer: C) Medium of exchange. 14. A mutual fund is ..... A) A type of debt investment that acts like a loan. B) A share of ownership in a company. C) A type of investment that invests in a mix of different types of investments. D) A type of savings account that pays interest based on current interest rates in the money market. Show Answer Correct Answer: C) A type of investment that invests in a mix of different types of investments. 15. Receipt showing that an investor has made an interest-bearing loan to a financial institution A) Certificates of deposit. B) Loan. C) Funds. D) None of above. Show Answer Correct Answer: A) Certificates of deposit. 16. What is an ATM used for? A) Withdraw money. B) Apply for a loan. C) Make electronic payments. D) Reconciling your account. Show Answer Correct Answer: A) Withdraw money. 17. Which deposit institution is user-owned, not-for-profit, cooperative financial institution often formed by people in the same company, labor union or profession? A) Credit Unions. B) Mutual Savings Banks. C) Savings and Loan Association. D) Commercial Bank. Show Answer Correct Answer: A) Credit Unions. 18. Which type of financial institution plays the largest role in the economy? A) Credit unions. B) Savings banks. C) Savings and loan associations. D) Commercial banks. Show Answer Correct Answer: D) Commercial banks. 19. Banks offer different kinds of accounts because: A) Different customers have different needs. B) They have to by law. C) It seems like the fun thing to do. D) They are greedy. Show Answer Correct Answer: A) Different customers have different needs. 20. Merchant banking activities was originated with the merchant banking division set by A) Yes bank. B) Grinds bays bank. C) None of the above. D) None of above. Show Answer Correct Answer: B) Grinds bays bank. ← PreviousNext →Related QuizzesBanking QuizzesBanking And Financial Institutions Quiz 1Banking And Financial Institutions Quiz 2Banking And Financial Institutions Quiz 3Banking And Financial Institutions Quiz 4Banking And Financial Institutions Quiz 5Banking And Financial Institutions Quiz 6Banking And Financial Institutions Quiz 7Banking And Financial Institutions Quiz 8Banking And Financial Institutions Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books