This quiz works best with JavaScript enabled. Home > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 20 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Federal Reserve Bank has ..... districts. A) None. B) 9. C) 12. D) 15. Show Answer Correct Answer: C) 12. 2. An important financial institution that assists in the initial sale of securities in the primary market is the A) Investment Bank. B) Commercial Bank. C) Stock Exchange. D) None of above. Show Answer Correct Answer: A) Investment Bank. 3. Fee for writing a check for more money than you have in your account. A) Monthly Service Fee. B) Maintenance Fee. C) APY. D) Overdraft/NSF Fee. Show Answer Correct Answer: D) Overdraft/NSF Fee. 4. According to the segment, which of the following financial institutions commonly disperse loans for home repairs, construction and refinancing? A) Commercial banks. B) Brokerage firms. C) Savings and loan associations. D) Insurance companies. Show Answer Correct Answer: C) Savings and loan associations. 5. When the same funds are counted in two depository banks, the funds are called ..... A) Float. B) Bounced. C) Postdated. D) Returned. Show Answer Correct Answer: A) Float. 6. Person who owns a share or shares of stock in a corporation; same as stockholders A) Bank. B) Stock. C) Shareholder. D) None of above. Show Answer Correct Answer: C) Shareholder. 7. The largest source of fees for banks when it comes to checking accounts is ..... A) Maintenance Fees. B) Paper Statement Fees. C) Overdraft Fees. D) None of the answers are right. Show Answer Correct Answer: C) Overdraft Fees. 8. Which of the following is not characteristic of personal loan? A) Personal loans are usually between RM1, 000 to RM100, 000. B) Any individual above 18 years old can apply for the loan. C) The loan is normally paid based on monthly installments. D) Normally, has a maturity between 6 months to 3 years and more. Show Answer Correct Answer: A) Personal loans are usually between RM1, 000 to RM100, 000. 9. Matching your checkbook balance with the bank's balance is called: A) Paying bills. B) Calling a loan. C) Reconciliation. D) Overdrafting. Show Answer Correct Answer: C) Reconciliation. 10. To use an online bank account you will need access to ..... A) An ATM. B) The high street branch. C) A mobile phone. D) The Internet. Show Answer Correct Answer: D) The Internet. 11. Rate of interest which changes regularly A) Fixed Interest Rate. B) Savings. C) Interest. D) Variable Interest Rate. Show Answer Correct Answer: D) Variable Interest Rate. 12. Fee charged to borrow money A) Inflation. B) Interest. C) Discount rate. D) Reserve requirement. Show Answer Correct Answer: B) Interest. 13. The new issues market is also known as ..... A) Stock Exchange. B) Primary Market. C) Money Market. D) Secondary Market. Show Answer Correct Answer: C) Money Market. 14. Bank Negara Malaysia holdings international reserves in the form of ..... A) Ringgit and sen. B) Gold, foreign exchange assets and investments. C) Safe custody. D) Printing of currency notes and the minting of coins. Show Answer Correct Answer: B) Gold, foreign exchange assets and investments. 15. Which government agency or department is in charge of determining how much money is in circulation? A) The Treasury. B) The Federal Reserve. C) The Department of Commerce. D) The Bureau of Economic Analysis. Show Answer Correct Answer: B) The Federal Reserve. 16. Any organization that provides services related to money is a ..... A) Corporation. B) Business. C) Store. D) Financial institution. Show Answer Correct Answer: D) Financial institution. 17. An independent agency created by the federal government to protect bank customers by insuring their deposits. A) FBI. B) Financial Depository Insurance Company. C) Federal Deposit Insurance Corporation. D) Financial Department of Insurance Corporation. Show Answer Correct Answer: C) Federal Deposit Insurance Corporation. 18. All of the following describe the operations of a bank EXCEPT A) Pay a small amount of interest on money deposited. B) Borrow money from the government. C) Make various types of loans. D) Offer direct deposits. Show Answer Correct Answer: B) Borrow money from the government. 19. Banks create money by taking in deposits, making ....., and charging ..... A) Interest, payments. B) Loans, interest. C) Payments, loans. D) Debt, loans. Show Answer Correct Answer: B) Loans, interest. 20. Reducing risk through the purchase of assets whose returns do not always move together is A) Intermediation. B) Discounting. C) Diversification. D) None of above. Show Answer Correct Answer: C) Diversification. ← 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