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3rd TERM_HISTORY OF BANKING & EVOLUTION OF MODERN BANKING

Quiz by Teacher Jhoms

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15 questions
Show answers
  • Q1
    The first bank notes were used in _________________ in the 7th century.
    Asia
    China
    Africa
    America
    30s
  • Q2
    Goldsmiths began lending some gold on deposit to borrowers who paid a fee, called interest.
    TRUE
    FALSE
    30s
  • Q3
    a term which means long bench
    bancu
    chair
    banko
    couch
    30s
  • Q4
    Goldsmiths used to charge a fee for their services and issue receipts or gold notes in the amount of deposits.
    FALSE
    TRUE
    30s
  • Q5
    In the Middle Ages ________________ coins were used as the common currency.
    silver
    copper
    bronze
    gold
    30s
  • Q6
    Goldsmiths used to charge a fee for their services.
    FALSE
    TRUE
    30s
  • Q7
    In Ancient ________________, money lenders used to set up their stall on a long bench
    Greece
    Rome
    Egypt
    Mesopotamia
    30s
  • Q8
    Which 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
  • Q9
    In 1407, the first state deposit bank was founded in ________________, Italy.
    Genoa
    Rome
    Venice
    Milan
    30s
  • Q10
    It is a term refers to a fee paid by borrowers to bank or paid by the bank to the people who deposited money.
    Interest
    Deposit
    Money
    Withdrawal
    30s
  • Q11
    People used gold notes because they were easy to use for ________________.
    wants
    exchange
    needs
    demands
    30s
  • Q12
    Which of the following is NOT the uses of ATM?
    withdraw money
    change the PIN automatically
    deposit money
    transfer money
    30s
  • Q13
    It is a device that the customers can use for financial transactions in a public space at any time without the need for bank teller.
    CBQ
    QNB
    ATM
    QDB
    30s
  • Q14
    The main benefits of banking are interest and _______________.
    demand
    needs
    supply
    convenience
    30s
  • Q15
    ATM stands for:
    Automated Time Machine
    Automated Teller Machine
    30s

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