#1
Which of the following is a basic function of a bank?
Providing healthcare services
Issuing passports
Facilitating financial transactions
Operating public transportation
#2
What does 'ATM' stand for in the context of banking?
Automated Teller Machine
Advanced Transaction Mechanism
Automatic Transfer Module
Account Tracking Management
#3
In the context of banking, what does 'ACH' stand for?
Automated Clearing House
Advanced Cryptocurrency Handling
Account Credit History
Asset Collateral Holding
#4
In banking, what does the term 'ACH' stand for?
Automated Clearing House
Advanced Cryptocurrency Handling
Account Credit History
Asset Collateral Holding
#5
What is the primary purpose of the Federal Reserve in the United States?
Issuing passports
Conducting monetary policy and regulating banks
Providing healthcare services
Managing public transportation
#6
Which financial document represents ownership in a corporation?
Invoice
Receipt
Bond
Stock certificate
#7
What is the function of the SWIFT code in international banking?
Identifying bank branches within a country
Indicating the bank's operating hours
Facilitating communication between banks during international transactions
Determining the interest rates for loans
#8
In banking terms, what does 'APR' stand for?
Automated Payment Reminder
Annual Percentage Rate
Account Processing Request
Asset Protection Ratio
#9
What is the primary role of the International Monetary Fund (IMF) in the global financial system?
Issuing international currency
Providing loans to member countries
Regulating stock exchanges
Facilitating cryptocurrency transactions
#10
What is the term for the interest rate at which a central bank lends to commercial banks?
Prime rate
LIBOR
Discount rate
Treasury rate
#11
What is the primary function of the FDIC (Federal Deposit Insurance Corporation) in the United States?
Regulating stock markets
Ensuring the safety of bank deposits
Overseeing cryptocurrency transactions
Managing government spending
#12
Which financial term represents the process of spreading investments across different assets to reduce risk?
Amortization
Diversification
Leveraging
Arbitrage
#13
What is the primary purpose of the Basel III framework in banking?
Promoting digital banking
Enhancing cybersecurity measures
Regulating financial derivatives
Strengthening bank capital requirements and risk management
#14
Which financial instrument represents a loan made to a government or corporation, typically with periodic interest payments?
Stock
Bond
Certificate of Deposit (CD)
Mutual Fund