2. Definition 1 True xFalse 2 Know the definition ? 3 Know the definition? 4 Know the definition? 5 10 20 30 40 50

3. Question 1 - 10 Merchant Banks

4. Answer 1 – 10 Banks that perform both traditional commercial banking and investment banking functions

5. Question 1 - 20 Commercial bank

6. Answer 1 – 20 A commercial bank is a financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit.investment productssavings accountscertificates of deposit

7. Question 1 - 30 Offshore banking

8. Answer 1 – 30 Offshore banking refers to the deposit of funds by a company or individual in a bank that is located outside their national residence.. The advantage of offshore banking is that, in many cases, funds are tax exempt where the banks are located.

9. Question 1 - 40 DOUBLE

10. Answer 1 – 40

11. Question 1 - 50 Bounced cheque

12. Answer 1 – 50 A check that cannot be processed because the account holder has insufficient funds

13. Question 2 - 10 Unauthorised withdrawal is the one that has not been agreed on with the bank

14. Answer 2 – 10 TRUE

15. Question 2 - 20 To oversee banks means to check their operations

16. Answer 2 – 20 TRUE

17. Question 2 - 30 Current account is the one that pays high interest rates.

18. Answer 2 – 30 FALSE

19. Question 2 - 40 Letter of Credit is an oral commitment to pay, by a buyer's or importer's bank (called the issuing bank) to the seller's or exporter's bank (called the accepting bank, negotiating bank, or paying bank).commitmentbuyer'simporter'sbankcalled issuing bankseller'sexporter'saccepting banknegotiating bankpaying bank

20. Answer 2 – 40 FALSE

21. Question 2 - 50 A teller is a bank employee that deals directly with customers, receiving and paying out money

22. Answer 2 – 50 TRUE

23. Question 3 - 10 a small plastic card which can be used as a method of payment, the money being taken from you at a later time.

24. Answer 3 – 10 Credit card

25. Question 3 - 20 sums of money paid by a customer for a bank's services.

26. Answer 3 – 20 Bank charges

27. Question 3 - 30 a printed record of the money put into and removed from a bank account

28. Answer 3 – 30 Bank statement

29. Question 3 - 40 The tax form or forms used to file income taxes with the Internal Revenue Service (IRS)income taxesInternal Revenue Service (IRS)

30. Answer 3 – 40 Tax return

31. Question 3 - 50 A room or compartment, often built of or lined with steel, reserved for the storage and safekeeping of valuables, especially such a place in a bank.

32. Answer 3 – 50 Vault

33. Question 4 - 10 One who serves as a guardian or protector against waste, loss, or illegal practices.

34. Answer 4 – 10 watchdog

35. Question 4 - 20 The act of making all the details of the agreement known to the customer

36. Answer 4 – 20 disclosure

37. Question 4 - 30 The amount available in an account. Simply put, the account balance is the net of all credits less all debitsaccount creditsdebits

38. Answer 4 – 30 Account balance

39. Question 4 - 40 money from your bank account that you can get from a shop when you pay for goods with a debit card

40. Answer 4 – 40 cashback

41. Question 4 - 50 property that you agree to give to a bank if you fail to pay back money that you have borrowed propertyagreebankfailpaymoney borrowed

42. Answer 4 – 50 collateral

43. Question 5 - 10 financial information about someone that a bank or shop uses for deciding whether to lend them money or to give them credit

44. Answer 5 – 10 Credit rating

45. Question 5 - 20 an order to a bank to regularly pay different amount of money from your account to a person or organizationorderbankregularlypaymoneyaccount personorganization

46. Answer 5 – 20 Direct debit

47. Question 5 - 30 Adjective -used to describe lending at a higher than usual rate of interest because it involves borrowers who are less likely to be able to pay back their loan Adjective -usedlendinghigherusualrateinvolves borrowerslikelyablepayloan

48. Answer 5 – 30 Sub-prime

49. Question 5 - 40 a test used to find out if a bank or other financial institution is likely to fail or have serious problems in a difficult economic situationtestusedbank financialinstitutionlikelyfailproblemsdifficulteconomic situation

50. Answer 5 – 40 Stress test

51. Question 5 - 50 London Interbank Offered Rate: an interest rate at which banks can borrow from one another. It is set daily based on an average of the rates set by major banks around the worldOfferedRate ratebanksborrowsetdailybasedaverageratessetmajorbanksworld

52. Answer 5 – 50 LIBOR