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4161

Which of the following is not a characteristic of a commercial bank?

  • A. established as a limited liability company
  • B. Established by individuals or organizations
  • C. Established to issue bank notes
  • D. Established with the view of making profit
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4162

Central banks sell treasury bills to the public to

  • A. increase cash in the banking system
  • B. raise revenue for commercial banks
  • C. raise revenue for private investors
  • D. reduce cash in circulation
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4163

A document used to ensure correct payment of duty at the importing country is

  • A. documentary credit
  • B. consular invoice
  • C. certificate of origin
  • D. bill of lading
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4164

A cheque is specially crossed if

  • A. the name of the account holder is written between two parallel lines drawn across it
  • B. it could be paid over the counter
  • C. the name of the bank is written between two parallel lines drawn across it
  • C. only two parallel lines are drawn across it
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4165

One of the functions of a trade association is to

  • A. pay members salaries
  • B. promote members' welfare
  • C. provide loans to members
  • D. provide employment for members
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