Correct Answer: Kiting
Explanation:
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More Retail Banking Industry And Processes MCQ Questions
What type of account would someone put their money into if they wanted to earn a high rate of return and not to have access to their money for a fixed period e.g. 90 days?
What is "Negotiable Order of Withdrawal Account" i.e. NOW Account, another name for?
What can the FDIC do to a member bank if the bank fails to comply with the set standards?
What type of account would someone who wants to earn a high rate of interest and does not intend to have many transactions open?
How does a bank make money by providing currency exchange services to its customers?
How is a savings account different from a certificate of deposit?
What is meant by the term "Redemption"?
What is the ratio of bank reserves to bank deposits called?
What does the term "Availability Float" imply?
What would a person do if they wanted to have the facility to save money as well as issue checks?