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  • Quiz in Capital Market

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    Joel Pangisban
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    Banking is the business of accepting deposits and lending money. The first mutual savings bank in the Philippines was established in 1867, while the first state bank was established in 1893 as an agricultural bank. The primary functions of banks are to accept deposits and grant loans. Savings deposits have low interest rates but encourage saving, while fixed deposits have higher interest rates but restrictions on withdrawals before maturity. Overdraft facilities allow short-term loans up to a certain limit. Secondary functions include mediation of payments and transfers between branches or locations. Two banking institutions located in Brooke's Point are [no information provided to name specific institutions].

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    Banking is the business of accepting deposits and lending money. The first mutual savings bank in the Philippines was established in 1867, while the first state bank was established in 1893 as an agricultural bank. The primary functions of banks are to accept deposits and grant loans. Savings deposits have low interest rates but encourage saving, while fixed deposits have higher interest rates but restrictions on withdrawals before maturity. Overdraft facilities allow short-term loans up to a certain limit. Secondary functions include mediation of payments and transfers between branches or locations. Two banking institutions located in Brooke's Point are [no information provided to name specific institutions].

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views1 page

    Quiz in Capital Market

    Uploaded by

    Joel Pangisban
    Banking is the business of accepting deposits and lending money. The first mutual savings bank in the Philippines was established in 1867, while the first state bank was established in 1893 as an agricultural bank. The primary functions of banks are to accept deposits and grant loans. Savings deposits have low interest rates but encourage saving, while fixed deposits have higher interest rates but restrictions on withdrawals before maturity. Overdraft facilities allow short-term loans up to a certain limit. Secondary functions include mediation of payments and transfers between branches or locations. Two banking institutions located in Brooke's Point are [no information provided to name specific institutions].

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Quiz in Capital Market (Banking)

    1-2. What is banking? (2 Points)


    3. What was the first Mutual Savings bank in the Philippines?
    4. What was the first state bank in the Philippines?
    5. What was the first Agricultural Bank in the Philippines?
    6-7. 2 Primary Function of the Banks?
    8. This Type of Deposit encourage saving habit among the public and it
    has a low Interest rate.
    9. This type of deposit has a high Interest rate and withdrawal is not
    allowed before the expiry date of the period.
    10. It is a short term loan facility under which banks allows its customers
    to take loan up to a certain limit.
    11-12. 2 Secondary function of bank
    13. It is called the transferring of funds from one branch to another or
    from one place to another.
    14-15. 2 Give 2 Banking Institution here in Brooke’s Point.

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