This quiz works best with JavaScript enabled. Home > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 21 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What helps you have higher approval rates for loans and credit cards? A) Good credit. B) Poor credit. C) No credit. D) None of above. Show Answer Correct Answer: A) Good credit. 2. Form you fill out to put money in your account. A) Withdrawal. B) Deposit slip. C) Service charge. D) Deposit. Show Answer Correct Answer: B) Deposit slip. 3. What is a Cash Loan based on? A) What banks a person gives business to. B) The creditworthiness of someone. C) Collateral given for the loan. D) How often someone deposits money into their bank account. Show Answer Correct Answer: B) The creditworthiness of someone. 4. Money the bank pays you to keep your money in their bank. A) Minimum balance. B) Checking account. C) Interest. D) Savings account. Show Answer Correct Answer: C) Interest. 5. Which type of check endorsement begins with "Pay to the order of Marcia Bernas ..... A) Blank. B) Restrictive. C) Special/full. D) None of above. Show Answer Correct Answer: C) Special/full. 6. A credit union differs from other financial institutions in that it is A) Organized as a not-for-profit organization. B) Taxed at a different rate. C) Owned by foreign investors. D) Chartered by the federal government. Show Answer Correct Answer: A) Organized as a not-for-profit organization. 7. A business or financial institution that stores and manages money for individuals and other businesses: A) ATM. B) Bank. C) Credit Union. D) Check Cashing Center. Show Answer Correct Answer: B) Bank. 8. What are you typically required to fill out first before you can rent an apartment? A) Credit application. B) Homeowner application. C) Sales application. D) Rental application. Show Answer Correct Answer: D) Rental application. 9. A(n) ..... has nonprofit status and is owned by its members. A) Investment company. B) Savings bank. C) Credit union. D) Securities firm. Show Answer Correct Answer: C) Credit union. 10. What is the fee called when there is not enough money in your checking account to cover the check? A) Bad check. B) Fee. C) Overdraft. D) Good check. Show Answer Correct Answer: C) Overdraft. 11. An exchange of goods or services for other goods or services without using money. A) Bargain shopping. B) Barter. C) Thrift shopping. D) Begging. Show Answer Correct Answer: B) Barter. 12. The French word Banque means A) Money Exchange Table. B) House Exchange Table. C) Jewellery Exchange Table. D) None of the above. Show Answer Correct Answer: A) Money Exchange Table. 13. Who developed microcredit? A) Muhammad Ali. B) Medici family. C) Muhammad Yunus. D) Group of women from Bangladesh. Show Answer Correct Answer: C) Muhammad Yunus. 14. Typically, borrowers have superior information relative to lenders about the potential returns and risks associated with an investment project. The difference in information is called A) Moral Selection. B) Risk Sharing. C) Asymmetric information. D) None of above. Show Answer Correct Answer: C) Asymmetric information. 15. Which bank is not under IBA? A) Maybank Islamic Berhad. B) CIMB. C) Public Islamic. D) Bank Muamalat. Show Answer Correct Answer: B) CIMB. 16. Which account is commonly opened by students senior citizens and pensioners? A) Current account. B) Fixed deposit account. C) Recurring deposit account. D) Savings account. Show Answer Correct Answer: D) Savings account. 17. The amount of money in your account A) DEPOSIT. B) BENJAMINS. C) BALANCE. D) DOLLARS. Show Answer Correct Answer: C) BALANCE. 18. ..... type of account is by salaried person, students A) Current account. B) Savings Bank account. C) Term or fixed deposit account. D) Recurring deposit account. Show Answer Correct Answer: B) Savings Bank account. 19. IPO stands for A) Inexpensive Public Offices. B) Initial Public Offering. C) Initial Public Expenses. D) Inedible Putrid Offal. Show Answer Correct Answer: B) Initial Public Offering. 20. Which deposit institution is owned by and operated for the benefit of its depositors? A) Credit Unions. B) Mutual Savings Banks. C) Savings and Loan Association. D) Commercial Bank. Show Answer Correct Answer: B) Mutual Savings Banks. ← 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