Accounting for financial institution assignment
291800293
Omar gamal tawfik
Multiple Choice Questions
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:Choose the best answer for each of the following
Retail banks are (1)
a. Dealing with the
b. sharing in the monetary
government
planning
c. Lowest familiar
d. Called credit banks
Commercial banks (2)
a. Also called business
b. Not profitable entities
banks
c. Does not manage
d. Does not offer foreign
payments for
exchange services
customers
Investment banks (3)
a. Does not help
b. Cannot advise
companies to sell debt
corporations on merger
to investor
and acquisition
c. Help businesses raise
d. Are called Industrial
capital in financial
banks
markets
Private banks (4)
a. Provide services to
poor persons
c. Help clients to manage
their wealth
b. Do not provide tax advices
to their client
d. Do not set up trusts to
descendants
Th
Online banks (6)
a. Have physical
b. Are internet banks
branches available
c. Operate entirely online d. Often offer competitive
rates on saving accounts
The principal activities banks extend to the following except (7)
a. A financial institution
b. An industrial institution
c. A commercial
d. A service institution
institution
A complete banking service would comprehend a variety of functions, except (8 )
a. Do not transfer money
at home and abroad
b. Discount notes,
acceptances and bills of
exchange
c. Supply
credit
to d. Receive demand deposits
business firms with or
and pay customers’ checks
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Accounting for financial institution assignment
291800293
Omar gamal tawfik
without security, issue
drawn against them, and
letters of credit and
operate Automated Teller
accept bills drawn
Machines (ATM)
there under
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The accounting information system in banks leads to except (9)
a. Generate appropriate b. AIS contribute to timely
accounting information
and efficient internal and
(high quality) to help
external reporting
managers in decision
making process in
banks.
c. Help banks managers d. Improve the incomes of
in achieving better
bank employees
performance
The Cash management department handles the following except (10 )
a. Ensures the bank has b. Also select short-term
enough liquid assets to
investment opportunities
meet
scheduled
that the bank can
obligations
liquidate quickly for
additional cash flow when
necessary
c. Planning the bank d. Planning
the
bank
liquidity
profitability
Th
The Treasury department is involving many activities except (11)
a. Associated
with b. Comprised of the major
corporate
finance,
assets
of
outstanding
including managing the
loans,
security
bank’s
own
asset
investments,
reserve
portfolio
position,
c. Related to managing d. Planning
the
bank
the bank’s liquidity
profitability
needs.
The risks faced by banks include the following except (12 )
a. Credit risk
c. Audit risk
b. Market risk
d. Operational risk
The credit risk the potential financial loss resulting from (13 )
a. the failure of customers b. changes in interest rates
to honor fully the
or exchange rates
This study source was downloaded by 100000800433433 from CourseHero.com on 10-27-2021 19:04:09 GMT -05:00
https://www.coursehero.com/file/77398140/Multiple-Choice-Questions-lecture-1doc/
Accounting for financial institution assignment
291800293
Omar gamal tawfik
terms of a loan or
contract
c. Failure to comply with d. Fraudulent
financial
policies,
laws
and
statement of the customer
regulations, from fraud
or forgery, or from a
breakdown
in
the
availability or integrity
of services, systems or
information.
The market risk the potential financial loss resulting from (14 )
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a. the failure of customers b. changes in interest rates
to honor fully the
or exchange rates
terms of a loan or
contract
c. Failure to comply with d. Fraudulent
financial
policies,
laws
and
statement of the customer
regulations, from fraud
or forgery, or from a
breakdown
in
the
availability or integrity
of services, systems or
information.
Th
The operational risk the potential financial loss resulting from (15)
a. the failure of customers b. changes in interest rates
to honor fully the
or exchange rates
terms of a loan or
contract
c. Failure to comply with d. Fraudulent
financial
policies,
laws
and
statement of the customer
regulations, from fraud
or forgery, or from a
breakdown
in
the
availability or integrity
of services, systems or
information.
This study source was downloaded by 100000800433433 from CourseHero.com on 10-27-2021 19:04:09 GMT -05:00
https://www.coursehero.com/file/77398140/Multiple-Choice-Questions-lecture-1doc/
Th
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Accounting for financial institution assignment
291800293
Omar gamal tawfik
This study source was downloaded by 100000800433433 from CourseHero.com on 10-27-2021 19:04:09 GMT -05:00
https://www.coursehero.com/file/77398140/Multiple-Choice-Questions-lecture-1doc/
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