Banks and Banking - Multiple Choice Exercise

Banks make a profit when they
1. collect more interest from people who take loans
2. give savers more interest
3. give customers more credit cards
In most countries the government
1. tells banks how much money they can offer as loans
2. lets banks decide how much money they can keep back as cash
3. asks banks to give little interest to customers with savings accounts
Automatic teller machines
1. let customers withdraw cash from their account, even if the bank is closed
2. lets customers take up loans
3. shows customers the rate of interest that banks charge
Some banks sell
1. insurance
2. houses
3. ATMs
Investment banks
1. raise money for companies and businesses
2. let small savers open savings accounts
3. do not charge interest
If you want to buy a house
1. the bank offers you a mortgage
2. the bank buys the house for you
3. you get stocks from the bank to buy the house
Development banks
1. help customers find the right savings form
2. help Third World countries
3. offer mortgages to customers
International banking laws are written down in
1. the Basel accords
2. the World Bank
3. the European Central Bank
The Federal Reserve bank is responsible for
1. money circulation in the USA
2. money circulation in Europe
3. money circulation worldwide
The centre of banking in the Middle Ages was in
1. Florence and Venice
2. London
3. New York
During the Great Depression
1. many banks went bankrupt
2. customers received more interest than ever before
3. the government made banks pay more money than they had
The banking crisis in 2008 was caused by
1. housing prices
2. the stock market
3. developing countries

Banks and Banking - Multiple Choice Exercise

Quiz