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3rd TERM_HISTORY OF BANKING & EVOLUTION OF MODERN BANKING
Quiz by Teacher Jhoms
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15 questions
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- Q1The first bank notes were used in _________________ in the 7th century.AsiaChinaAfricaAmerica30s
- Q2Goldsmiths began lending some gold on deposit to borrowers who paid a fee, called interest.TRUEFALSE30s
- Q3a term which means long benchbancuchairbankocouch30s
- Q4Goldsmiths used to charge a fee for their services and issue receipts or gold notes in the amount of deposits.FALSETRUE30s
- Q5In the Middle Ages ________________ coins were used as the common currency.silvercopperbronzegold30s
- Q6Goldsmiths used to charge a fee for their services.FALSETRUE30s
- Q7In Ancient ________________, money lenders used to set up their stall on a long benchGreeceRomeEgyptMesopotamia30s
- Q8Which of the following is the safety rules on how to use ATM?Share your ATM pin with other people.Let anyone use your ATM card.If you card is lost or stolen, report it immediately to your bank.30s
- Q9In 1407, the first state deposit bank was founded in ________________, Italy.GenoaRomeVeniceMilan30s
- Q10It is a term refers to a fee paid by borrowers to bank or paid by the bank to the people who deposited money.InterestDepositMoneyWithdrawal30s
- Q11People used gold notes because they were easy to use for ________________.wantsexchangeneedsdemands30s
- Q12Which of the following is NOT the uses of ATM?withdraw moneychange the PIN automaticallydeposit moneytransfer money30s
- Q13It is a device that the customers can use for financial transactions in a public space at any time without the need for bank teller.CBQQNBATMQDB30s
- Q14The main benefits of banking are interest and _______________.demandneedssupplyconvenience30s
- Q15ATM stands for:Automated Time MachineAutomated Teller Machine30s