BPP Quiz Flashcards
The main purpose of our building society is to
Raise, primarily for its members, funds for lending to members for the purpose of buying a residential property
According to a report published by the city UK 2019 how many megatrends identify that are re-shaping their financial services business environment by disrupting business models, processes and task which are having an impact on people working in the sector
3
As Casu et al, explain banks bridge the gap between depositors and borrowers by performing what is called a transformation function. There are three types of transformation which one is not a type of transform
Agency
(Size, risk and maturity)
Disintermediation
Lenders and borrowers or sellers and buyers of financial products deal directly with each other as opposed to using a bank as an intermediary.
Wholesale Banking is about
Borrowing from and lending to large companies, other banks and governments
Financial intermediation is a business activity that involves pooling funds from different sources and using these to
Provide loans and make investments
Liquidity is about
Having sufficient cash and other assets that can be converted quickly into cash to meet the immediate withdrawal needs of customers
Macroeconomics examines factors such as:
Unemployment, gross domestic product and inflation
Credit unions are
Nonprofit cooperative organisations
They are owned by their members who pool their savings and lend to each other
Digital only banks
Banks who have a full banking license and can therefore compete on equal terms with traditional banks
Private banking is about
Providing a range of financial services to particularly wealthy clients
What Banking stage is ‘ when and where we need it, starting with the emergence of the smart phone and a shift to mobile payments’?
Bank 3.0
The first ATM was opened in what year?
1967
AI and machine learning. Artificial intelligence can be described as.
All of them
Cloud computing is
The delivery of computing service for example servers, storage, database, networking, software, analytics, and intelligence
