Banking Quiz.... hey try this...

ross..... sorry yea it was expecting ppl will say world bank.... but its not the rite ans.....

rite ans is "City bank"


keep playing....
 
nxt question:There are many ways to endorse a check. An endorsement that includes the words "for deposit only" is a:

a. formalized endorsement

b. restrictive endorsement

c. direct endorsement
 
next qn......


A service charge on your bank statement will result in:

1. a higher balance.
2. a lower balance.
3. earning more interest.
4. more outstanding checks.
 
next qn......


A service charge on your bank statement will result in:

1. a higher balance.
2. a lower balance.
3. earning more interest.
4. more outstanding checks.

keep playing.....

Regards,
Priyanka
:tea:
 
hi priyanka, a service charge will get you a lower balance.......

and a question from my side...:

which bank is the only bank to sell foodstuffs (specific) to public, it can also use Indian post for its purposes..?
 
priyank said:
Hey, this has alrady been asked.....

Please check b4 asking......


The answer is False...
Click to expand...
u r right...Banks cannot create base money. A borrower receives a credit in the form of a deposit which he can withdraw as cash, i.e. base money, on demand. Conversely a cash deposit into a bank converts the money into a credit, which in effect is a loan to the bank.

n d answer to ur quest...nostro acc-An account that a bank holds with a foreign bank.

investopedia says:Nostro accounts are usually in the currency of the foreign country. This allows for easy cash management because currency doesn't need to be converted.

Nostro is derived from the latin term "ours."

Vostro Account
The account a correspondent bank, usually U.S. or UK, holds on behalf of a foreign bank. Also known as a loro account.

Investopedia Says: Vostro is latin for yours.
 
Dude, ne1 can find investopedia definitions...... every answer is available on Google..... Its to test your knowledge, not google's
 
transaction risk is basically exchange rate risk..caused due to fluctuation in forex rates....
as an add on..can any1 name the other 2 kinds of risks apart from transaction risk faced by banks??Hint- One starts with T, other with O :)
 
What you are refering to is Translation / Position risk and Operation risk...

However, there are 8 types of risks faced by any bank in International mArket...

They are as follows:

Transaction Risk
Translation / Position Risk
Pre-settlement Risk
Settlement Risk
Sovereign Risk
Cross- Country Risk
Operational Risk
and Mismatched Maturity / Liquidity Risk
 
If anyone wants further explaination on any of these risks, Post your query here. I'll try to answer them if I can...
 
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