Virtual banks are subject to the same set of supervisory requirements applicable to conventional banks in Hong Kong. They primarily deliver instead of physical branches. A. wholesale banking B. retail banking services through the internet or other forms of electronic channels C. financial investigation D. cconomic consultation
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- One of our banks has three loan officers -- one officer handles home and personal loans, one officer handles commercial or business loans, and one officer handles agricultural loans. This practice is a form of credit risk management known as: A. Screening B. Restrictive covenants C. Specialization in lendingPrepayment of loans may be initiated by a. borrowers and lenders b. bank auditors c. the central bank d. bank regulatorsBanking may be subdivided into at least three categories of banks. Match the definitions with the appropriate name. 1. I. A bank that specializes in retail or consumer banking in a local market 2. II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services 3. III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities O Money center bank, super-regional bank; community bank O Super-regional bank, money center bank, community bank O Community bank; super-regional bank; money center bank Community bank; money center bank; super-regional bank Money center bank; community bank; super-regional bank
- Choose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency FunctionsA bank is considering implementing a business rules management system for assessing the riskand creditworthiness of individuals as part of the loan approval process.• List and explain 3 benefits of such a system?• List 2 potential legal or ethical issues that might arise in the use of such a system16- Banks advise their clients relating to investment decisions as specialists. Which function and service of banks are referred to? a. Discounting of Bills of Exchange b. Miscellaneous Functions of the banks c. Agency Functions d. Investment of Funds
- business continuity plan recommendated for a bank dealing with COVID-19Correspondent banking may involve Select one: a. Providing banking services to other banks facing shortage of staff. b. Acting as transfer and disbursement agents for pension funds. c. Providing foreign exchange trading services to individuals. d. Providing hedging services to corporations. e. Holding and managing assets for individuals or corporations.Which of the following is NOT Non-Authorized Deposit-Taking Institution? O a. Credit Unions O b. Finance Companies Oc. O d. Securitizers Money Market Corporations What is open banking? Time left 0:33 O a. Open Banking refers primarily to giving customers greater access to and control over their own banking data O b. Open Banking enables the customer to direct that they can be provided with parts of their banking data in a secure environment and in a prescribed way O c. Open Banking enables the customer to direct that they, or third parties chosen by them, be provided with pre determined parts of their banking data in a secure environment and in a prescribed way Od. A and B Oe. A and C I bought stock Y last year and make 10% of profit. This year I bought stock Y again. Even though I am making a loss but I will wait and see as my experience with this stock is positive. What kind of bias is this? O a. Anchoring bias O b. Availability bias O.C. Confirmation bias Od. Loss aversion bias
- Select the banking terms from drop down to match with the correct definition. Definitions Banking Terms a. A check that has been paid by the bank on behalf of the depositor. select a banking term Automated teller machine (ATM)Electronic funds transfer (EFT)MakerDepositorDebit memorandumPayeeBank statementPayerCredit memorandumDeposit slipCheckCanceled checkSignature cardEndorsement b. A disbursement system that uses wire, telephone, or computers to transfer cash balances from one location to another. select a banking term EndorsementBank statementDeposit slipDebit memorandumCheckDepositorElectronic funds transfer (EFT)PayeeSignature cardPayerCanceled checkCredit memorandumAutomated teller machine (ATM)Maker c. A document provided by the bank that requires the signature of all authorized signers of checks. select a banking term…iii. iv. Describe how each of the following helps a bank control its credit risk: 1. Position limits 2. Conditions precedent 3. Loan covenants 4. Risk rating systemsConduct a critical analysis of the various instruments utilized under regional commercial banking.