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Which one is true about deposit banks

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Reference no: EM132603950

Question 1. Which one of the following true about deposit banks

a. Deposit banks' deposits are for long periods

b. Deposit banks' advises industrial firms

c. Deposit banks' extend loans for short periods

d. All

Question 2. One of the following is considered as commercial banks primary function except

a. Acceptance of deposit

b. Granting loan

c. Acting Referee

d. Remittance of funds

Question 3. Which one of the following is true about saving deposit?

a. The customers have to give a notice to the bank before withdrawal of more than specified amount

b. Deposit can be made at any time

c. There is restriction on the amount that can be withdrawn

d. All

Question 4. Which one of the following true about saving banks?

a. Established to encourage thrift

b. In Ethiopia the function of saving banks performed by micro finance institutions.

c. They were willing to accept small sums as deposits

d. All

Question 5. Fixed deposits are preferred by depositors by the following reason except;

a. Depositors can get high interest income

b. Depositors can keep their deposit safely

c. Depositors can withdraw money whenever they want

d. None of the above

Reference no: EM132603950

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