Banking Transaction

Banking Transaction
When banks act as agents of their customers and tender great service in that capacity these are?
Primary function
General utility function
Agency functions
Secondary function
Author: rikazzz Comment
Banking Transaction
When a customer is authorized to borrow up to an agreed amount in excess of the customers bank balance, it will be called?
Bank overdraft
Bank under draft
Bank balance
None of them
Author: rikazzz Comment
Banking Transaction
When the cheque is not paid by the drawee bank, it is said to be?
Honored
Dishonored
Endorsed
None of them
Author: rikazzz Comment
Banking Transaction
In the books of a bank, whenever an account is opened the customer is finished with a:
Bank-pass book
Cheque book
Pay-in-slip
None of them
Author: rikazzz Comment
Banking Transaction
An institution which purchases and sells money and transacts other financial business of like nature is called:
College
Bank
Hospital
Manufacturing
Author: rikazzz Comment
Banking Transaction
The act of singing on the bank of the cheque in order to transfer it to someone else is called:
Crossing
Endorsement
Drafting
None of them
Author: rikazzz Comment
Banking Transaction
A bank performs certain functions for the benefit of general public which are called us:
Primary function
General utility function
Agency functions
Secondary function
Author: rikazzz Comment
Banking Transaction
Commercial banks give the facility of remittance or money from one place to another, through:
Cheques
Overdraft
Bank draft
None of them
Author: rikazzz Comment

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