NOUN TMA Questions and Solutions – BFN104, Elements Of Banking
1 Some of E-Banking tools/channels are the following except______
Photocopiers
2 A_______are few owners and they attend personally to it management.
Private Bank
3 E-Banking involves the following except______
Banking with physical appearance
4 A _______has many owners, and they elect from their selves a certain number who are entrusted to manage/administer the bank in the day-to-day activities.
Public Bank
5 The establishment of the ______provided the base for a monetary type of economy in Nigeria
West African currency board
6 The following are some of the components of the Nigerian Banking structure
Industrial banks
7 When money is demanded because of its function as a store of value it is called _______
Keynesian view of mone y
8 A ______ is any financial institution that accepts, collects, transfers, pays, exchanges, lends, invests, or safe- guard money for its customers.
Bank
9 ______is the effective deployment of ICT by Banks
E-Banking
10 When money is demanded because of its use as a medium of exchange it is called _______
Classical view of money
11 The following are some of the functions of the Central Bank of Nigeria except________
Profit retention
12 Banking in Nigeria started in ____
1892
13 The following are some of the qualities of money except_____
flexibility
14 When money is issued in convenient sizes and shapes to ease transfer from one place to another it is called______
Portability
15 The following are some of the types of money except_____
diluted money
16 When a fifty naira note used in Lagos State is identical as the one used in Benue state Nigeria it is called ______
Homogeneity
17 The stages of monetary regulation are the following except_____
Era of foreign exchange
18 The apex of the Nigerian Banking system is ______
CBN
19 The following are areas of CBN regulation except______
Credirt distribution
20 The term bank is derived from the latin word_______
Bancho
