Bank System Test 03 Preparation Online Shani Malik — May 21, 2018 in Economics • add comment Bank System Test 03 Preparation Online Economics 1. Credit money is created by?A. Commercial bankB. Central bank C. Government D. All of the above Loading... 2. Which is considered liability by a bank?A. SecuritiesB. Loans C. Bank's building and equipmentD. Time deposit Loading... 3. Select the correct statement?A. Both legal money and credit money are equally useful B. All money is evilC. Credit money is better than legal money D. Legal money is better than credit money Loading... 4. Which type of cheque is more safe for transfer of money?A. Traveller cheque B. Bearer chequeC. Cross chequeD. Order cheque Loading... 5. If a person is more interested to earn income, he should deposit his money in?A. Saving account B. Demand deposit C. Profit-loss accountD. Time deposit Loading... 6. Which type of cheque is least safe for transfer of money?A. Traveller cheque B. Bearer cheque C. Cross chequeD. Order cheque Loading... 7. Select the correct statement?A. Commercial bank create paper money B. Central bank creates legal money C. None of the above is trueD. Finance companies create fake money Loading... 8. Demand deposits are money because?A. They are assets of banks B. They can be used to make payments C. All of the aboveD. They are backed by gold Loading... 9. Credit money is created by?A. None of theseB. Finance companies C. Exchange bank D. Commercial bank Loading... 10. Select the correct statement?A. None of the above is trueB. Commercial bank create convertible money C. Govt. creates paper money D. Central bank creates convertible money Loading... Loading... Related NTS Results Post:Bank System Test 05 Preparation OnlineBank System Test 04 Preparation OnlineBank System Test 02 Preparation OnlineBank System Test 01 Preparation OnlineBank System Test 06 Preparation OnlineCentral Bank Test 02 Online PreparationCentral Bank Test 01 Online PreparationCentral Bank Test 03 Online Preparation
