Financial Awareness - Risk, Stability & Emerging Finance
Which of the following best describes a bank?
Which of the following best describes a bank?
easy Q12 of 15
Step-by-Step Solution
Step 1: Understand the definition
A bank is a financial institution that accepts deposits and creates credit.Step 2: Analyze options
Insurance companies, government securities issuers, and investment advisory firms do not fit the definition of a bank.Final Answer:
An institution that accepts deposits and creates credit → Option AQuick Check:
Bank definition = accepts deposits and creates credit ✅
Quick Trick: Focus on deposit acceptance and credit creation for bank definition.
Common Mistakes:
- Mistaking insurance or investment firms as banks.
Master "Risk, Stability & Emerging Finance" in Financial Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Financial Awareness Quizzes