Lesson Worksheet: Banks Economics

In this worksheet, we will practice identifying the role of banks in the economy and the functions served by different types of banks.

Q1:

Put the following activities in order as associated with central, commercial, investment, and specialized banks respectively:

  1. Receiving deposits and granting loans
  2. Issuing banknotes
  3. Managing transactions of bonds and stocks
  4. Granting loans to agricultural businesses
  • AI, II, III, IV
  • BII, III, IV, I
  • CIV, II, I, III
  • DII, III, I, IV
  • EII, I, III, IV

Q2:

Which of the following types of banks has newly emerged in contemporary economies?

  • AThe universal bank
  • BThe central bank
  • CThe commercial bank
  • DThe specialized bank

Q3:

Fill in the blank: As banknotes have replaced coins and precious metals as a method of payment for goods and services, is replacing banknotes in today’s economy by using commercial banks as financial intermediaries.

  • Adigital money
  • Bcommodity money
  • Csmart card
  • De-money
  • Ecredit money

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