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31 Cards in this Set
- Front
- Back
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DEPOSIT FUNCTION- it primarily _____ _____ _____ which can only be _____ by _____ of _____ |
DEPOSIT FUNCTION- it primarily receives demand deposits which can only be withdrawn by means of check |
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_____- it primarily receives demand deposits which can only be withdrawn by means of check |
DEPOSIT FUNCTION- it primarily receives demand deposits which can only be withdrawn by means of check |
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COMMERCIAL BANK - _____ portion of a _____ _____ is generated through _____ |
COMMERCIAL BANK - major portion of a bank's income is generated through lending |
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_____ - major portion of a bank's income is generated through lending |
COMMERCIAL BANK - major portion of a bank's income is generated through lending |
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LOAN FUNCTION- it advances _____ of _____ for relatively _____ _____ of _____ to persons engaged in _____ and _____ |
LOAN FUNCTION- it advances sums of money for relatively short periods of time to persons engaged in commerce and trade |
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_____- it advances sums of money for relatively short periods of time to persons engaged in commerce and trade |
LOAN FUNCTION- it advances sums of money for relatively short periods of time to persons engaged in commerce and trade |
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UNIVERSAL BANK - _____ the _____ and _____ _____ for a _____ _____ |
UNIVERSAL BANK-exercised the powers and services authorized for a commercial bank |
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_____-exercised the powers and services authorized for a commercial bank |
UNIVERSAL BANK-exercised the powers and services authorized for a commercial bank |
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PAYROLLS - _____ _____ are inserting the _____ _____ in _____ to _____ _____ of _____ of _____ _____ |
PAYROLLS - payroll payments are inserting the correct amounts in envelopes to cover salaries of employees of business concerns |
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_____ - payroll payments are inserting the correct amounts in envelopes to cover salaries of emplovees of business concerns |
PAYROLLS - payroll payments are inserting the correct amounts in envelopes to cover salaries of emplovees of business concerns |
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ACCOUNTING DEPARTMENT - this department takes care of all the _____ of the _____ |
ACCOUNTING DEPARTMENT-this department takes care of all the transactions of the bank |
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_____ - this department takes care of all the transactions of the bank |
ACCOUNTING DEPARTMENT-this department takes care of all the transactions of the bank |
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GOVERNMENT DEPOSITS - this represents _____, either _____ or _____, which belongs to the _____ or its _____ and _____ _____ |
GOVERNMENT DEPOSITS - this represents deposits, either time or demand, which belongs to the government or its instrumentalities and political subdivision |
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_____ - this represents deposits, either time or demand, which belongs to the government or its instrumentalities and political subdivision |
GOVERNMENT DEPOSITS - this represents deposits, either time or demand, which belongs to the government or its instrumentalities and political subdivision |
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ADVISORY FUNCTION - through their _____ _____, they give _____ _____ to _____ on their _____ _____ |
ADVISORY FUNCTION - through their experienced officers, they give expert advice to clients on their business dealings |
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_____ - through their experienced officers, they give expert advice to clients on their business dealings |
ADVISORY FUNCTION - through their experienced officers, they give expert advice to clients on their business dealings |
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EXCHANGE FUNCTION - refers to the _____ of _____ _____ the _____ _____ of _____ |
EXCHANGE FUNCTION - refers to the transfer of funds without the physical transfer of cash |
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_____ - refers to the transfer of funds without the physical transfer of cash |
EXCHANGE FUNCTION - refers to the transfer of funds without the physical transfer of cash |
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DEPOSIT- is _____ placed in a _____ for a _____ or to _____ _____ |
DEPOSIT- is money placed in a bank fora safekeeping or to earn interest |
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CREDIT INFORMATION - used by _____ _____, not only _____ their own offices but also _____ such _____ to others |
CREDIT INFORMATION - used by commercial banks, not only within their own offices but also disseminate such information to others |
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_____ - used by commercial banks, not only within their own offices but also disseminate such information to others |
CREDIT INFORMATION - used by commercial banks, not only within their own offices but also disseminate such information to others |
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CASH DEPOSIT - the _____ _____ this _____ which will takes care of the _____ _____ of the _____ and _____ _____ |
CASH DEPOSIT the cashier heads this department which will takes care of the depasit functions of the bank and allied activities |
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_____ - the cashier heads this department which will takes care of the depasit functions of the bank and allied activities |
CASH DEPOSIT the cashier heads this department which will takes care of the depasit functions of the bank and allied activities |
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DIRECT DEPOSITS - they are deposited _____ over the _____ by the _____ |
DIRECT DEPOSITS they are deposited directly over the counter by the depositor |
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_____ - they are deposited directly over the counter by the depositor |
DIRECT DEPOSITS they are deposited directly over the counter by the depositor |
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FOREIGN DEPARTMENT - this _____ deals in _____ on the _____ _____ |
FOREIGN DEPARTMENT this department deals in exchanges on the international level |
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_____ - this department deals in exchanges on the international level |
FOREIGN DEPARTMENT this department deals in exchanges on the international level |
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_____ - is money placed in a bank fora safekeeping or to earn interest |
DEPOSIT- is money placed in a bank fora safekeeping or to earn interest |
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Bank Services |
- rental of safe deposit boxes - sale of drafts and cashier's checks - sale of traveler's checks - collection agent - credit information - payrolls |
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FUNCTIONS OF A COMMERCIAL BANK. |
- deposit function - loan function - EXCHANGE FUNCTION - ADVISORY FUNCTION - trust function |
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INSTRUMENT FOR COLLECTION |
- drafts - checks - bond coupons - promissory notes |
