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