Practice Secondary Functions (5.3.B) - Banking - ICSE 9 Commercial Studies
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Secondary Functions

Practice - Secondary Functions

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is one example of an agency function of a bank?

💡 Hint: Think about what banks do for you other than handling your money.

Question 2 Easy

Name one general utility function of banks.

💡 Hint: Consider secure payment methods provided by banks.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is one of the agency functions of banks?

Collecting payments
Learning loans
Offering investments

💡 Hint: Think about how banks assist with transactions.

Question 2

True or False: Banks provide locker facilities.

True
False

💡 Hint: What do people use lockers for in banks?

1 more question available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Analyze how agency functions of banks contribute to the overall financial system.

💡 Hint: Consider the overall impact on transaction efficiency.

Challenge 2 Hard

Propose ways banks could innovate their general utility functions to enhance customer experience in the digital age.

💡 Hint: Think about technology trends and customer needs.

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Reference links

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