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21.

Which is considered liability by a bank:

A.	Loans	B.	Bank's building and equipment
C.	Time deposit	D.	Securities

22.

Demand deposits are money because:

A.	They are backed by gold	B.	They are assets of banks
C.	They can be used to make payments	D.	All of the above

23.

Credit money is created by:

A.	Central bank	B.	Commercial bank
C.	Government	D.	All of the above

24.

Credit money is created by:

A.	Exchange bank	B.	Commercial bank
C.	Finance companies	D.	None of these

25.

Select the correct statement:

A.	Credit money is better than legal money	B.	Legal money is better than credit money
C.	Both legal money and credit money are equally useful	D.	All money is evil

26.

Select the correct statement:

A.	Central bank creates legal money	B.	Commercial bank create paper money
C.	Finance companies create fake money	D.	None of the above is true

27.

Select the correct statement:

A.	Central bank creates convertible money	B.	Commercial bank create convertible money
C.	Govt. creates paper money	D.	None of the above is true

28.

Which type of cheque is more safe for transfer of money

A.	Bearer cheque	B.	Traveller cheque
C.	Order cheque	D.	Cross cheque

29.

Which type of cheque is least safe for transfer of money:

A.	Bearer cheque	B.	Traveller cheque
C.	Order cheque	D.	Cross cheque

30.

If a person is more interested to earn income, he should deposit his money in:

A.	Demand deposit	B.	Time deposit
C.	Saving account	D.	Profit-loss account