This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking And Financial Institutions > Banking And Financial Institutions – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking And Financial Institutions Quiz 13 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Businesses that provide financial services A) Checking account. B) Depository Institutions. C) Interest rate. D) Online banking. Show Answer Correct Answer: B) Depository Institutions. 2. 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. 3. I have to pay this when I do not follow the rules of the bank ..... A) Withdrawal. B) Overdraft. C) Fee. D) Deposit. Show Answer Correct Answer: C) Fee. 4. Money that financial institutions lend to others A) Creates more jobs. B) Causes interest rates to decline. C) Lower taxes. D) Reduces spending by consumers. Show Answer Correct Answer: A) Creates more jobs. 5. 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) Savings. B) Withdraw. C) Check. D) Overdraw. Show Answer Correct Answer: C) Check. 6. 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. 7. Which of the following is NOT a common feature of a financial institution? A) Paper checks. B) Access to investment products. C) Direct deposit. D) Access to ATMS. Show Answer Correct Answer: B) Access to investment products. 8. 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. 9. Money is widely accepted as a method of payment. A) Medium of exchange. B) Store of value. C) Unit of account. D) Commodity. Show Answer Correct Answer: A) Medium of exchange. 10. A mutual fund is ..... A) A type of debt investment that acts like a loan. B) A type of savings account that pays interest based on current interest rates in the money market. C) A type of investment that invests in a mix of different types of investments. D) A share of ownership in a company. Show Answer Correct Answer: C) A type of investment that invests in a mix of different types of investments. 11. 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. 12. What is an ATM used for? A) Make electronic payments. B) Withdraw money. C) Apply for a loan. D) Reconciling your account. Show Answer Correct Answer: B) Withdraw money. 13. 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. 14. 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. 15. Banks offer different kinds of accounts because: A) They have to by law. B) It seems like the fun thing to do. C) Different customers have different needs. D) They are greedy. Show Answer Correct Answer: C) Different customers have different needs. 16. 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. 17. The Federal Reserve Bank has ..... districts. A) None. B) 9. C) 12. D) 15. Show Answer Correct Answer: C) 12. 18. 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. 19. Fee for writing a check for more money than you have in your account. A) Maintenance Fee. B) Monthly Service Fee. C) Overdraft/NSF Fee. D) APY. Show Answer Correct Answer: C) Overdraft/NSF Fee. 20. 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. 21. When the same funds are counted in two depository banks, the funds are called ..... A) Returned. B) Float. C) Bounced. D) Postdated. Show Answer Correct Answer: B) Float. 22. 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. 23. 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. 24. 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. 25. 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. 26. To use an online bank account you will need access to ..... A) An ATM. B) The Internet. C) A mobile phone. D) The high street branch. Show Answer Correct Answer: B) The Internet. 27. Rate of interest which changes regularly A) Interest. B) Savings. C) Variable Interest Rate. D) Fixed Interest Rate. Show Answer Correct Answer: C) Variable Interest Rate. 28. Fee charged to borrow money A) Discount rate. B) Interest. C) Inflation. D) Reserve requirement. Show Answer Correct Answer: B) Interest. 29. The new issues market is also known as ..... A) Secondary Market. B) Money Market. C) Primary Market. D) Stock Exchange. Show Answer Correct Answer: B) Money Market. 30. 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. ← PreviousNext →Related QuizzesBanking QuizzesFinance 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 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books