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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is an agency function of a bank?
💡 Hint: Think about services that banks offer other than loans and deposits.
Question 2
Easy
Give one example of a bill payment service.
💡 Hint: Consider regular expenses paid through banks.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the primary role of agency functions in banks?
- Accepting deposits
- Facilitating transactions
- Providing loans
💡 Hint: Think about services beyond the basics of banking.
Question 2
True or False: Agency functions help businesses collect their payments efficiently.
- True
- False
💡 Hint: Recall the discussions about cash flow.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze a scenario where a bank fails to perform its agency functions efficiently. Discuss the potential impacts on both individual clients and businesses.
💡 Hint: What broader consequences could arise from banking inefficiencies?
Question 2
Develop a proposal for a new agency service that a bank could offer to enhance customer satisfaction. Outline its benefits.
💡 Hint: Think about technological advancements that could improve financial transactions.
Challenge and get performance evaluation