CLASSIFICATION OF BANKS

Question 1

it offer credit, loans, deposits, asset management, investment advisory, payment processing, securities transactions, underwriting, and financial analysis.

Answer 1

UNIVERSAL

Question 2

it refers to a financial institution that accepts. deposits and offers different banking and financial products. These financial institutions make money from a variety of fees and by earning interest income from loans.

Answer 2

COMMERCIAL

Question 3

A classification of bank that specializes in offering savings accounts and originating home mortgages for consumers,

Answer 3

THRIFT

Question 4

• financial institution/cooperative/community. bank or deposit taking financial institution that provides customised financial services. to rural communities.

Answer 4

RURAL

Question 5

bank is one which is organized, owned and controlled by Cooperative cooperative organizations, for the purpose of providing financial and credit services to cooperatives and their members. Its members are either regular or associate.

Answer 5

COOPERATIVE

Question 6

and finance serves everyone - granting Muslims much- needed access to financial services and providing non-Muslims with CARD Bank) alternative banking and finance options.

Answer 6

ISLAMIC BANKING