Discussion
Home ‣ Interview ‣ Accounting and Finance Comments
- Question
The reserves of a commercial bank consist of
Options- A. the bank's net worth
- B. the amount of money market funds it holds
- C. government securities that the bank holds
- D. deposits at the Federal Reserve Bank and vault cash
- Correct Answer
- deposits at the Federal Reserve Bank and vault cash
- 1. What is true about certificates of deposit?
Options- A. the money has to remain in the account for a specified period of time
- B. they are the most liquid account available
- C. they offer lower interest rates than savings accounts
- D. All the above Discuss
- 2. Reconciling the bank statement monthly is an example of
Options- A. establishment of responsibility
- B. independent internal verification
- C. documentation procedures
- D. segregation of duties Discuss
- 3. How can investors receive compounding returns?
Options- A. By investing their earnings back into their original investment
- B. By diversifying their investment portfolio
- C. By selecting a savings account that has a higher interest rate
- D. By transferring their earnings back into high-risk investment Discuss
- 4. The accounting software Tally was developed by
Options- A. Wipro
- B. TCS
- C. HCL
- D. Infosys Discuss
- 5. A check returned by the bank marked nsf means
Options- A. Cheque has been forged
- B. Cheque can't be cashed being illegal
- C. There are not sufficient funds in your accoun
- D. Bank can't verify your identity Discuss
- 6. In a fractional reserve banking system
Options- A. bank accepts deposits
- B. bank accepts some loans
- C. bank has some cash reserves
- D. All the above Discuss
- 7. Compounding interest means interest accrues
Options- A. at variable rates throughout the term
- B. more quickly than simple interest
- C. more slowly than simple interest
- D. at the same rate as simple interest Discuss
- 8. Which investment type typically carries the least risk?
Options- A. Mutual funds
- B. Treasury bonds
- C. Savings account
- D. Individual stocks Discuss
- 9. The credit balance in the bank account is
Options- A. amount liable to pay by bank
- B. amount liable to pay by customer
- C. Both A + B
- D. None of the above Discuss
- 10. Most financial investments are examples of what type of risk?
Options- A. Credit risk
- B. Longevity risk
- C. Human risk
- D. Inflation risk Discuss
Accounting and Finance problems
Search Results
Correct Answer: the money has to remain in the account for a specified period of time
Explanation:
A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements.
CD's are generally issued by commercial banks
Correct Answer: independent internal verification
Explanation:
Reconciling the bank statement monthly is an example of independent internal verification
Correct Answer: By investing their earnings back into their original investment
Correct Answer: TCS
Explanation:
Tally is one of the best business accounting software for accounting, inventory, payroll. It is economical and one of the most popular ERP software solutions available in the industry.
Tally, an accounting software was developed by the multinational company TCS - Tata Consultancy Services.
Correct Answer: There are not sufficient funds in your accoun
Explanation:
NSF means - Not Sufficient Funds.
Correct Answer: All the above
Explanation:
Fractional reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.
Correct Answer: more quickly than simple interest
Correct Answer: Savings account
Explanation:
Different types of risk exist in ivesting schemes depending on what you've invested in.
Savings accounts are generally regarded as the least risky investments as in this we just save our wealth for future expenses.
Correct Answer: amount liable to pay by bank
Explanation:
Bank credit balance meant that the banker is laible to paid us.
And if we have a credit balance accouding to bank statement is mean we have " cash at bank" and in our book we show in the assets side but bank show laiblities side.
Hence, The credit balance in the bank account is the amiunt we have in our account and we are eligible to withdraw that.
Correct Answer: Human risk
Explanation:
Most financial investments are examples of Human risk type of risks. Since, we humans invest in any kind of financial investments on our own risk expecting profits.
Comments
There are no comments.More in Interview:
Programming
Copyright ©CuriousTab. All rights reserved.