Basic Banking Accounting Concepts Quiz

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Basic Banking Accounting Concepts: a General level Bank Exam Prep quiz. Test your knowledge with 13 questions!
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Questions

Question 1
What increases an asset account?
A Interest
B Balance
C Credit
D Debit
Question 2
What increases a liability account?
A Debit
B Asset
C Withdrawal
D Credit
Question 3
A bank statement shows the bank's perspective. A deposit is a:
A Loss to the bank
B Loan to the bank
C Debit to the bank
D Credit to the bank
Question 4
What does a double-entry system ensure?
A Balance
B Speed
C Growth
D Profit
Question 5
Which of these is considered an asset to a bank?
A Customer deposits
B Loans given to customers
C Bank rent
D Staff salaries

📋 This quiz has 13 questions in total.

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