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Q 1/10
Score 0
Deposits are money entrusted to banks for safekeeping and therefore depositors are called as _____________________.
45
neutral party
debtors
creditors
borrowers
Q 2/10
Score 0
A year from now Ms. Xyz plans to establish a business venture thus she will be needing big amount of capital. In this regard she started opening an account in City Bank so that she can build rapport and credit trust for her capitalization need. Ms. Xyz's motive of depositing funds is:
45
accommodation
convenience
gain income
safety
10 questions
Q.
Deposits are money entrusted to banks for safekeeping and therefore depositors are called as _____________________.
1
45 sec
Q.
A year from now Ms. Xyz plans to establish a business venture thus she will be needing big amount of capital. In this regard she started opening an account in City Bank so that she can build rapport and credit trust for her capitalization need. Ms. Xyz's motive of depositing funds is:
2
45 sec
Q.
Demand deposits refers to all those liabilities of the Bangko Sentral and of other banks which are denominated in Philippine currency and are subject to payment in legal tender upon demand by the presentation of checks. This definition of deposit is in reference to
3
45 sec
Q.
When deposit himself brings his money and/or checks and other near cash items to the bank and hand them to the teller the type of deposit is called:
4
30 sec
Q.
Mr. B decides to put his money to a bank as time deposit for him to earn considerable amount of interest. His motive for depositing his money is:
5
45 sec
Q.
refers to the one responsible of paying out cash in exchange for checks and other instruments necessitating encashment.
6
30 sec
Q.
These are forms filled in by the depositor when he makes a deposit.
7
30 sec
Q.
Deposits are significant to a bank for the reason that:
8
60 sec
Q.
Special time deposits are type of time deposits backed by a passbook and can be withdrawn only upon due notice of at least 30 days or subject to bank policy.
