7 Bank Distinctions

Question 1

Central and Commercial Bank:

Answer 1

Ownership (and)
Chief executive (gives)
Position or status (and many)
Main client (and)
Relationships with other banks (then go to)
Lender of Last resort (with a)
Aim (and)
Number (this becomes an)
Issue of notes (so you go to)
Foreign Exchanges (and you control)
Credit control

Question 2

Cash Credit aand Overdraft:

Answer 2

NEP

1. Nature
2. Eligibility
3. Period

Question 3

Comparison between types of bank Accounts:

Answer 3

1. Object
2. Period of deposit (fixed)
3. Frequency of deposit
4. Number of withdrawals
5. Interest
6. Overdraft facility
7. Cheque book facility

Question 4

Cheque and Bank Draft:

Answer 4

1. Drawer
2. Bearer
3. Charges
4. Dishonour
5. Stop payment

Question 5

Bills of Exchange and Cheque:

Answer 5

DOUBT