The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.
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Justify the following statement: The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.
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4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

One of the problems with using SET protocol is a. the merchant’s risk is high as he accepts encrypted credit card b. the credit card company should check digital signature c. the bank has to keep a database of the public keys of all customers d. the bank has to keep a database of digital signatures of all customers

Description : One of the problems with using SET protocol is a. the merchant's risk is high as he accepts encrypted credit card b. the credit card company should check digital signature c. the bank has to ... of all customers d. the bank has to keep a database of digital signatures of all customers 

Last Answer : c. the bank has to keep a database of the public keys of all customers

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : demand deposits

What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : (1) The sum of currency in circulation and the demand deposits in banks Explanation: The four main monetary aggregates of measures of money supply which reflect the state of the monetary sector ... This category of money is considered to be the most readily available for transactions and commerce.

What is “narrow money” ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is narrow money ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : The sum of currency in circulation and the demand deposits in banks

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Which of following is a contract? (a) A engages B for a certain work and promises to pay such remuneration as shall be fixed. B does the work. (b) A and B promise to marry each Other. (c) A takes a Seat in a public vehicle (d) A invites B to a card party. B accepts the invitation.

Description : Which of following is a contract? (a) A engages B for a certain work and promises to pay such remuneration as shall be fixed. B does the work. (b) A and B promise to marry each Other. (c) A takes a Seat in a public vehicle (d) A invites B to a card party. B accepts the invitation.

Last Answer : (a) A engages B for a certain work and promises to pay such remuneration as shall be fixed. B does the work.

How many types of bank deposits ?

Description : How many types of bank deposits ?

Last Answer : 3 types of bank deposits .

What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.

Deposits which can be withdrawn by a customer without notice is called ________ A. Time Deposits B. Demand Deposits C. Variable Deposits D. Low cost Deposits

Description : Deposits which can be withdrawn by a customer without notice is called ________ A. Time Deposits B. Demand Deposits C. Variable Deposits D. Low cost Deposits

Last Answer : B. Demand Deposits Explanation: A deposit of money that can be withdrawn without prior notice is known as Demand Deposits, Ex:- in a current account.

How are demand deposits accepted as a means of payment? -SST 10th

Description : How are demand deposits accepted as a means of payment? -SST 10th

Last Answer : . Demand deposits offer another interesting facility. It helps in making the payment in cheque. . A cheque is a paper instructing the bank to pay a specific amount from the person's account to the ... widely as a means of payment, along with currency, they constitute money in the modern economy.

What are ‘demand deposits’? -SST 10th

Description : What are ‘demand deposits’? -SST 10th

Last Answer : . Workers who receive their salaries at the end of each month have extra cash at the beginning of the month. . This extra cash is deposited with the bank by opening a bank account in ... Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.

What are demand deposits? -SST 10th

Description : What are demand deposits? -SST 10th

Last Answer : People with surplus money or extra amount deposit it in banks. The banks keep the money safe and give an interest on it. The deposits can be drawn at any time on demand by the depositors. ... are widely accepted as a means of payment along with currency, they constitute money in the modern economy

Why are deposits in the banks called demand deposits? -SST 10th

Description : Why are deposits in the banks called demand deposits? -SST 10th

Last Answer : Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.

Why do we consider demand deposits as money? -SST 10th

Description : Why do we consider demand deposits as money? -SST 10th

Last Answer : Demand deposit constitute money in modern economy as they are accepted widely as a means of payment along with currency.

Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th

Description : Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th

Last Answer : A cheque is a paper instructing the bank to pay a specific amount from a person's account to the person in whose name the cheque has been issued. The payer,who has an account with ... facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash.

What are demand deposits? What are their advantages? -SST 10th

Description : What are demand deposits? What are their advantages? -SST 10th

Last Answer : This answer was deleted by our moderators...

What are demand deposits ? -SST 10th

Description : What are demand deposits ? -SST 10th

Last Answer : People save their money in banks by opening an account. The deposits in the bank accounts can be withdrawn on demand, so these deposits are called demand deposits. (i) Banks accept the ... refused in settling transaction in the country. No individual can legally refuse a payment made in rupees.

What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Description : What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Last Answer : a deposit of money that can be withdrawn without prior notice, e.g. in a current account. For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or ... federal government, with backing from the US Treasury, can replace any money that was lost by the bank.

Explain the following concept: Demand Deposits

Description : Explain the following concept: Demand Deposits

Last Answer : Explain the following concept: Demand Deposits

What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Description : What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Last Answer : D. Rs.1,00,000 Explanation: The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount upto Rupees one lakh is paid.

A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Description : In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Last Answer : C. Its instrument in government securities Explanation: Bank assets comprises cash, money at short notice, bills and securities discounted, bank‘s investments in government securities, loans sanctioned by the bank.

The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.

When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Description : When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Last Answer : B. Agent Explanation: When a customer deposits cheque to a bank then that particular bank acts as an agent for the customer. Collection occurs when the drawee bank (the bank ordered by the cheques ... of the drawer (its customer who has written the cheque) and presents it to the collecting bank.

Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Description : Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Last Answer : A. Assets Explanation: Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Anything tangible ... to produce value and that is held to have positive economic value is considered an asset.

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

According to accepting public deposits, NBFCs can be classified into ____ broad categories. A. Two B. Three C. Four D. All of the Above E. None of the Above

Description : According to accepting public deposits, NBFCs can be classified into ____ broad categories. A. Two B. Three C. Four D. All of the Above E. None of the Above

Last Answer : A. Two Explanation: According to accepting public deposits, NBFCs can be classified into two broad categories, viz., (i) NBFCs accepting public deposit (NBFCs-D) (ii) NBFCs not accepting/holding public deposit (NBFCs-ND).

What is/are the credit rating agencies approved for the acceptance of public deposits by an HFC? A. The Credit Rating Information Services of India Ltd. (CRISIL) B. ICRA Ltd. C. Credit Analysis and Research Limited (CARE) D. FITCH Ratings India Pvt. Ltd. E. All of the Above

Description : What is/are the credit rating agencies approved for the acceptance of public deposits by an HFC? A. The Credit Rating Information Services of India Ltd. (CRISIL) B. ICRA Ltd. C. Credit Analysis and Research Limited (CARE) D. FITCH Ratings India Pvt. Ltd. E. All of the Above

Last Answer : E. All of the Above Explanation: The HFC having credit rating can accept more deposits as compared to an HFC without such rating. The following credit rating agencies have been approved for the above ... ♦ ICRA Ltd. ♦ Credit Analysis and Research Limited (CARE) ♦ FITCH Ratings India Pvt. Ltd.

HFCs can accept public deposits for a period of __________ A. 2 to 5 years B. 1 to 5 years C. 2 to 7 years D. 1 to 7 years E. All of the Above

Description : HFCs can accept public deposits for a period of __________ A. 2 to 5 years B. 1 to 5 years C. 2 to 7 years D. 1 to 7 years E. All of the Above

Last Answer : D. 1 to 7 years Explanation: In terms of the Housing Finance Companies (NHB) Directions, 2001, HFCs can accept public deposits for periods of one year and above and upto seven years only.

Bank deposits through my cell phone?

Description : Bank deposits through my cell phone?

Last Answer : answer:At least at my bank (a small credit union) they have a person review. About a year ago I used my phone to deposit a check and things appeared to work. The right amount was in my bank a minute ... phone call the next day fixed it. But it was the last time I used the phone to deposit a check.

How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Description : How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Last Answer : The deposits with banks are beneficial for individual as well as for nation: (i) Banks accept deposit and also pay an amount as interest and in this way people earn money. (ii) ... of International trade. (vii) Development of infrastructure is undertaken with the loans provided by the banks.

What Reconcile this bank statement. Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?

Description : What Reconcile this bank statement. Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?

Last Answer : What is the answer ?

How much of my bank deposits are FDIC insured?

Description : How much of my bank deposits are FDIC insured?

Last Answer : The limit for one person, one account is $250,000. In 2014, that number will reduce to $100,000.

Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Description : Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Last Answer : Money Market accounts have the advantage of being able to withdraw your money whenever you need it. CD or Certificate of Deposit accounts hold a little bit of a higher interest rate, however you have to ... first one is not risk proof and you can lose money where as second options are fully secured.

Klein Bank deposits and the fee.?

Description : Klein Bank deposits and the fee.?

Last Answer : According to Klein Bank's policies in regards to direct deposit, you can use a direct deposit on your account. Also, there is no direct deposit fee for Klein Bank.

What does a bank do with deposits made by the average citizen?

Description : What does a bank do with deposits made by the average citizen?

Last Answer : i know the answer but i want you to tell the answer

Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Last Answer : © Issue of paper notes.

How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits

Description : How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits

Last Answer :  (b) By lending a part of its deposits ;

Capital in economics means (a) Factor of production ; (b) Fund brought in by the entrepreneur; (c) Investment in shares, bank deposits ; (d) All the above

Description : Capital in economics means (a) Factor of production ; (b) Fund brought in by the entrepreneur; (c) Investment in shares, bank deposits ; (d) All the above

Last Answer : (a) Factor of production ;

A man is standing near the edge of a uniformly rotating platform about an axis passing through its centre. The speed of rotation of the platform will decrease if he a.extends his arms outwards b.moves towards the axis of rotation c.jumps out from the platform d.accepts a heavy bag from one of his friends standing near by and holds it in his hand e.107 dynes

Description : A man is standing near the edge of a uniformly rotating platform about an axis passing through its centre. The speed of rotation of the platform will decrease if he a.extends his arms outwards b.moves ... heavy bag from one of his friends standing near by and holds it in his hand e.107 dynes

Last Answer : d. accepts a heavy bag from one of his friends standing near by and holds it in his hand

Which of the following technique isused for encapsulation? A. a technique used inbest-effort delivery systems toavoid endlessly loopingpackets. B. a technique used by protocols in which a lower level protocol accepts a message from ahigher level protocol and places it in the data portion of the low level frame. C. One of the pieces that results when an IP gateway divides an IP datagram into smallerpieces for transmission acrossa network that cannothandle the originaldatagram size D. All of theabove E. None of the above

Description : Which of the following technique isused for encapsulation? A. a technique used inbest-effort delivery systems toavoid endlessly loopingpackets. B. a technique used by protocols in which a lower level ... network that cannothandle the originaldatagram size D. All of theabove E. None of the above

Last Answer : a technique used by protocols in which a lower level protocol accepts a message from ahigher level protocol and places it in the data portion of the low level frame

Which of the following technique isused for fragment? A. a technique used inbest-effort delivery systems toavoid endlessly loopingpackets B. a technique used by protocols in which a lower level protocol accepts a message from ahigher level protocol and places it in the data portion of the low level frame C. one of the pieces that results when an IP gateway divides an IP datagram into smallerpieces for transmission acrossa network that cannothandle the originaldatagram size D. All of theabove E. None of the above

Description : Which of the following technique isused for fragment? A. a technique used inbest-effort delivery systems toavoid endlessly loopingpackets B. a technique used by protocols in which a lower level protocol ... network that cannothandle the originaldatagram size D. All of theabove E. None of the above

Last Answer : one of the pieces that results when an IP gateway divides an IP datagram into smallerpieces for transmission acrossa network that cannothandle the originaldatagram size

What do the banks do with the 'Public Deposits'? -SST 10th

Description : What do the banks do with the 'Public Deposits'? -SST 10th

Last Answer : Banks accept deposits from the Public and use the major portion of these deposits to extend loans. There is a huge demand for loans for various economic activities. Banks make use of these deposits ... (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits.

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : (2) Currency with the public is less than the deposits with the banks. Explanation: Money supply in India includes the following: (i) Currency with the public: (ii) Demand deposits and time ... to total supply of money has been increasing with reciprocal diminution in currency held by the public.

The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.