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- Choose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency FunctionsWhich of the following is not a description of a classification of a financial institution? An entity that accept money from public and use such to financial instruments issued by businesses or government. An office that collect taxes from registered individuals. An associations whose members are supposed to have a common bond. A company that offers a variety of savings and loan products.Which are liabililies to a bank? Select one: a. Vault cash and demand deposits O b. Demand and time deposits c. Capital stock and reserves d. Property and capital stock Clear my choice
- Which of the following is not a category of bank regulations? a. The government safety net. b. Capital requirements. c. Competition Policy. d. Chartering and examination.Which one is not the core functions of investment bank? * a.Selling of securities b. Accepting deposits c. Advisory services d. Marketing of securitiesWhich of the following is not one of the five primary responsibilities of the Securities and Exchange Commission (the SEC)? A. inform and protect investors B. regulate securities law C. facilitate capital formation D. assure that dividends are paid by corporations
- in terms of bank balance sheets which of the following is correct? Bank assets represent the sources of bank funds bank liabilities represent the uses of bank funds bank capital is the difference between a bank's assets and its liabilities all of the above none of the aboveIncorporate the following data into Bank X's revenue statement. Each item should be labelled and placed in the proper category and order. Commission ,exchange and brokerage received.Income on InvestmentsInterest paid on depositsPayments to and provisions for employeesInterest paid on BBI/ interbank borrowingsInterest/discount received on advances/billsIncome from leasing/hire purchaseInterest paid-othersProfit on exchange transactionsRent, taxes, lightingInsuranceLaw chargesProfit on sale of land, buildings and other assetsMiscellaneous incomeAuditor’s fees and expensesPrinting and stationaryProfit on sale of investmentsDepreciation on bank’s propertyIncome by way of dividends and subsidiariesAdvertisement and PublicityInterest earned – othersDirector’s fees, allowances and expensesMiscellaneous incomeRepairs and maintenanceOther expensesPostage, telegram, telephone and other communication expensesInterest received on balances with RBI and interbank funds.18. Application for a bank loan and Issuance of securities by a corporation are part of situations as a common required in report by an independent public accountant concerning the fairness of a company's financial statementsSelect one:TrueFalse
- Identify which one of the following activity is relating to underwriting of capital issues for corporate customers by the bank: a. Taking care of the legal formalities and issue of share capital by companies b. Taking care of collection of dividends on behalf of customers c. Taking care of import formalities of customers d. Taking care of export formalities of customersWhich among the following is not a function of a bank? a. Issuing demand drafts b. Paying interest on deposits c. Sale of tangible goods d. Investing in securitiesWhich of the items below are typically ASSETS for a commercial bank?(Select all that apply; three of the answers below are correct) reference: chapters 11 & 12 Customer Deposits (such as checking & savings accounts) Investment Securities (such as treasury bonds & money market securities) Vault Cash & Deposits at the Federal Reserve Customer Loans (such as mortgages or small business loans) Borrowed Funds (such as short-term borrowing from other banks, or from the Federal Reserve)
