Quizific | Corporate and retail Banking Quiz (Bank, Cent, Return)

Offering and making loans to customers

Buying and selling shares

Processing cheques and direct debits

Taking deposits from customers and paying interest on them

Banks must lend out a set percentage of the amount they take in on deposit

Money lent to companies by banks through an overdraft is repayable immediately on demand

UK Banks can make personal loans to individual customers up to £25,000

Banks must keep a proportion of money deposited with them in liquid reserves

Lending to a company which does not offer any collateral

Covenants preventing the sale of a borrowing company’s assets

A personal guarantee from one or more of the company’s executives

Obtaining an assessment of the borrower’s creditworthiness

Cheque

Credit card

Standing order

Cash

Project finance provides finance for a particular project and is separate from any other finance arrangement the firm may have

A committed bank facility entitles a borrower to borrow cash up to a specified amount

Revolving credit enables a borrower to borrow when they need to, but does not require regular payments

An uncommitted facility is a short-term borrowing arrangement where a bank guarantees to lend a particular sum of money

£4.89 million

£48.72 million

£48.94 million

£4.87 million

A 2.78%, B 3.28%, C 8.74%, D 1.85%

A 6.72%, B 3.28%, C 4.33%, D 5.61%

A 5.72%, B 5.18%, C 2.39%, D 7.43%

A 2.58%, B 6.32%, C 5.924%, D 3.85%

B, C

D, B

A, D

A, C