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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a loan?
💡 Hint: Consider what a bank provides to borrowers.
Question 2
Easy
Give an example of an overdraft.
💡 Hint: Think about a bank service that allows you to access more funds temporarily.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is one function of a commercial bank?
💡 Hint: Think of what banks primarily do with customer funds.
Question 2
True or False: An overdraft allows you to withdraw less money than you have.
💡 Hint: Review what an overdraft entails.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
You have a business that needs urgent cash due to unforeseen expenses. You have a cash credit facility with a bank. Discuss how you will utilize this facility and explain the alternative financing options.
💡 Hint: Think about how quickly you need the funds and what terms work best for you.
Question 2
Evaluate the effects of excessive reliance on overdraft facilities for individuals. What risks do they face?
💡 Hint: Consider how using overdrafts regularly could impact a budget.
Challenge and get performance evaluation