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Question |
Correct |
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1
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In banking, deposits are:
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B — Money placed by customers in accounts
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2
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A building society traditionally specializes in:
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B — Mortgages for home buyers
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3
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A conglomerate in finance is best described as:
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C — A group of merged companies offering multiple services
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4
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After deregulation, many countries saw banks become:
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B — Universal (offering a full range of services)
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5
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Choose the sentence that correctly shows necessity/obligation:
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A — Clients must provide ID to open an account.
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6
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Which term fits? “An investment bank agrees to buy any unsold shares in a new issue.” This is called:
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A — Underwriting
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7
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Pick the most appropriate phrase for checking information on a call:
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B — Could I just confirm your account number, please?
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8
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In a formal email, the clearest subject line is:
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C — Inquiry about corporate account opening requirements
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9
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Which statement about retail vs. investment banking is MOST accurate?
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A — Retail banks mainly serve individuals/SMEs; investment banks advise corporations and raise capital.
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10
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A takeover is:
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B — When one company gains control of another by buying its shares
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