Economics Bank System Test 03 Preparation Online Bank System Test 03 Preparation Online Economics 1. Select the correct statement?A. All money is evilB. Both legal money and credit money are equally useful C. Credit money is better than legal money D. Legal money is better than credit money Loading... 2. Credit money is created by?A. Commercial bankB. All of the aboveC. Government D. Central bank Loading... 3. Select the correct statement?A. Finance companies create fake money B. Central bank creates legal money C. None of the above is trueD. Commercial bank create paper money Loading... 4. Which type of cheque is more safe for transfer of money?A. Cross chequeB. Order chequeC. Bearer chequeD. Traveller cheque Loading... 5. Select the correct statement?A. Govt. creates paper money B. Commercial bank create convertible money C. Central bank creates convertible moneyD. None of the above is true Loading... 6. Credit money is created by?A. Commercial bankB. Exchange bank C. Finance companies D. None of these Loading... 7. Which is considered liability by a bank?A. Loans B. Time depositC. SecuritiesD. Bank's building and equipment Loading... 8. Which type of cheque is least safe for transfer of money?A. Bearer cheque B. Order cheque C. Traveller cheque D. Cross cheque Loading... 9. Demand deposits are money because?A. They are backed by gold B. They can be used to make payments C. All of the aboveD. They are assets of banks Loading... 10. If a person is more interested to earn income, he should deposit his money in?A. Time deposit B. Profit-loss accountC. Saving account D. Demand deposit Loading... Loading... Related PostsBank System Test 04 Preparation OnlineBank System Test 01 Preparation OnlineBank System Test 05 Preparation OnlineBank System Test 06 Preparation OnlineBank System Test 02 Preparation OnlineCentral Bank Test 03 Online Preparation Continue Reading Previous Bank System Test 02 Preparation OnlineNext Bank System Test 04 Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ