Sunday, September 8, 2019

TMA 1..... BFN104

Question
The areas of regulations of banks by CBN includes all of the following except_________

Answer
Deposit base reserves



Question
Which year did Banking in Nigeria start?

Answer
1892



Question
The ______________enforces the rules and regulations in the banking sector

Answer
Central Bank of Nigeria



Question
The Italian word "Bancho" from bank means what?

Answer
Bench



Question
Which of the following is not part of E-Banking tools and channels

Answer
Photocopiers



Question
A_________ is any person in Nigeria, who is engaged in wholesale, banking, medium and long-term financing, equipment leasing, debt factoring, investment management, issue and acceptance of bills and management of unit Trusts".

Answer
Merchant Bank



Question
When money is demanded because of its function as a store of value it is called _______

Answer
Keynesian view of money



Question
A financial institution primarily designed to provide medium to long-term credits to the economy is known as ____________

Answer
A development Bank



Question
A _________is the bill in which acceptance as well as payment of the bill is effected by the drawee concurrently.

Answer
A sight bill



Question
Which year did Bureau De Change business start in Nigeria?

Answer
1989



Question
The areas of regulations of banks by CBN includes all of the following except_________

Answer
Deposit base reserves



Question
Which year did Banking in Nigeria start?

Answer
1892



Question
The ______________enforces the rules and regulations in the banking sector

Answer
Central Bank of Nigeria



Question
The Italian word "Bancho" from bank means what?

Answer
Bench



Question
Which of the following is not part of E-Banking tools and channels

Answer
Photocopiers



Question
A_________ is any person in Nigeria, who is engaged in wholesale, banking, medium and long-term financing, equipment leasing, debt factoring, investment management, issue and acceptance of bills and management of unit Trusts".

Answer
Merchant Bank



Question
When money is demanded because of its function as a store of value it is called _______

Answer
Keynesian view of money



Question
A financial institution primarily designed to provide medium to long-term credits to the economy is known as ____________

Answer
A development Bank



Question
A _________is the bill in which acceptance as well as payment of the bill is effected by the drawee concurrently.

Answer
A sight bill



Question
Which year did Bureau De Change business start in Nigeria?

Answer
1989



Question
The areas of regulations of banks by CBN includes all of the following except_________

Answer
Deposit base reserves



Question
Which year did Banking in Nigeria start?

Answer
1892



Question
The ______________enforces the rules and regulations in the banking sector

Answer
Central Bank of Nigeria



Question
The Italian word "Bancho" from bank means what?

Answer
Bench



Question
Which of the following is not part of E-Banking tools and channels

Answer
Photocopiers



Question
A_________ is any person in Nigeria, who is engaged in wholesale, banking, medium and long-term financing, equipment leasing, debt factoring, investment management, issue and acceptance of bills and management of unit Trusts".

Answer
Merchant Bank



Question
When money is demanded because of its function as a store of value it is called _______

Answer
Keynesian view of money



Question
A financial institution primarily designed to provide medium to long-term credits to the economy is known as ____________

Answer
A development Bank



Question
A _________is the bill in which acceptance as well as payment of the bill is effected by the drawee concurrently.

Answer
A sight bill



Question
Which year did Bureau De Change business start in Nigeria?

Answer
1989

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