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  • 2021-04-14
    There is no legal definition of a bank. Which of the following best describes a bank?
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    • ( )means the bank with which the credit is available or any bank in the case of a credit available with any bank.
    • The ability<br/>of a commercial bank to create credit depends on which TWO of the<br/>following? A: The size of<br/>the bank's deposits in its account at the central bank. B: The amount<br/>of cash and liquid assets held by the bank. C: The<br/>willingness of the central bank to sell bonds to the bank. D: The ratio<br/>between the bank's assets and its liabilities. E: The<br/>required ratio of liquid assets to total assets.
    • Which of the following statements about the relationship between the parties to remittance is false?() A: Payee must have an account with Paying bank. B: Remitter and Payee might be business partners. C: Paying bank is the agent of Remitting bank. D: Remitting bank is the agent of Remitter.
    • Which of the following is not a policy bank? A: Industrial and Commercial Bank of China B: Export Import Bank of China C: China Development Bank D: Agricultural Development Bank of China
    • Which one of the following is a policy bank in China: A: Bank of China B: People's Bank of China C: Agricultural Bank of China D: Agricultural Development Bank of China

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