Test Your Knowledge

Question 1

Which one of the following is a firm that holds and administers property or assets for the benefit of a third-party?

Answer 1

= Trustee

Question 2

Which one of the following financial products would be most suitable for a company which need to boost its liquidity position?

Answer 2

= overdrafts

Question 3

Optichannel is a type of distribution channel which is a

Answer 3

= tailored approach which determines the best number of channels for each customer

Question 4

Which one of the following is NOT correct about basic bank accounts

Answer 4

= most customers begin with a basic account before moving to a current account

(Customers cannot become overdrawn, help to improve financial inclusion, help to improve financial capability

Question 5

Which one of the following is a training tool to help a bank frontline staff to manage initial conversations with vulnerable customers?

Answer 5

= TEXAS

(CARERES, IDEA)