which of the following services do banks not provide?
a. lines of credit
b. health insurance
c. currency exchange
d. none of above (THIS ONE)
which institutions does not offer RRSPs?
a. bank
b. credit union
c. trust company (THIS ONE)
d. investment company
what is the one of the main services of a trust company?
a. chequing and savings account
b. bill payment
c. managing and invest assest (THIS ONE)
d. RRSP's and GICs
where would someone go to look for wealth management advice?
a. bank
b. trust company
c. investment company (THIS ONE)
d. all of the above
what can debit cards be used for?
a. accessing a bank account by phone
b. pay for services
c. transferring money between accounts
d. all of above (THIS ONE)
which of the following statements is true?
a. transaction with cheques and debit cards are recorded electronically, automatically
b. you need I.D to use a cheque at a store but not a debit card
c. cheques are more widely accepted in stores than debit cards
d. none of the above (THIS ONE)
which of the following is not a disadvantage of using a debit card?
a. can be lost or stolen (THIS ONE)
b. interest charges
c. PIN may be hard to remember
d. may have fees
which of the following statement is false?
a. online banking allows banking after business hours
b. both a debit card and password are required for online banking
c. banking online is expensive (THIS ONE)
d. bills paid online on the weekend are not processed until the next working day
which of the following is not an advantage of online banking?
a. 24.7
b. instant access to accounts
c. able to deposit and withdraw money (THIS ONE)
d. accessible from anywhere
I have placed *** behind my choices.
If you see no *** or no comment, I agree with your answer.
which of the following services do banks not provide?
a. lines of credit
b. health insurance ***
c. currency exchange
d. none of above (THIS ONE)
which institutions does not offer RRSPs?
a. bank
b. credit union
c. trust company (THIS ONE)
d. investment company
*** I know that the first 3 all deal with RRSP's, as do investment companies. Should have a "none of these"
what is the one of the main services of a trust company?
a. chequing and savings account
b. bill payment
c. managing and invest assest (THIS ONE)
d. RRSP's and GICs
*** I deal with TD Canada Trust. They deal with all of these.
where would someone go to look for wealth management advice?
a. bank
b. trust company
c. investment company (THIS ONE)
d. all of the above ***
what can debit cards be used for?
a. accessing a bank account by phone
b. pay for services
c. transferring money between accounts
d. all of above (THIS ONE) ***
which of the following statements is true?
a. transaction with cheques and debit cards are recorded electronically, automatically ***
b. you need I.D to use a cheque at a store but not a debit card ***
c. cheques are more widely accepted in stores than debit cards
d. none of the above (THIS ONE)
This is a very dated question. c) is definitely wrong, so your choice is wrong
which of the following is not a disadvantage of using a debit card?
a. can be lost or stolen (THIS ONE)
b. interest charges ***
c. PIN may be hard to remember
d. may have fees
I hate double negative questions.
Why not say: "which of the following is an advantage of using a debit card" ?
Generally there are no interest charges, since the money comes right out of your account.
which of the following statement is false?
a. online banking allows banking after business hours
b. both a debit card and password are required for online banking
c. banking online is expensive (THIS ONE)
d. bills paid online on the weekend are not processed until the next working day
which of the following is not an advantage of online banking?
a. 24.7
b. instant access to accounts
c. able to deposit and withdraw money (THIS ONE)
d. accessible from anywhere
To answer these questions, let's break down each question and its options:
1. Which of the following services do banks not provide?
Choice d. "none of the above" is the correct answer because banks do provide lines of credit, currency exchange, and other financial services.
2. Which institutions do not offer RRSPs?
Choice c. "trust company" is the correct answer because trust companies typically do not offer RRSPs. Banks, credit unions, and investment companies are more likely to provide RRSP services.
3. What is one of the main services of a trust company?
Choice c. "managing and investing assets" is the correct answer. Trust companies specialize in managing and investing assets on behalf of their clients.
4. Where would someone go to look for wealth management advice?
Choice c. "investment company" is the correct answer. While banks and trust companies may also provide wealth management advice, investment companies specifically focus on investment-related services.
5. What can debit cards be used for?
Choice d. "all of the above" is the correct answer. Debit cards can be used for accessing a bank account by phone, paying for services, and transferring money between accounts.
6. Which of the following statements is true?
Choice d. "none of the above" is the correct answer. Transactions with cheques and debit cards are not always recorded electronically or automatically. Additionally, both cheques and debit cards may require ID for use, and their acceptance in stores can vary.
7. Which of the following is not a disadvantage of using a debit card?
Choice a. "can be lost or stolen" is the correct answer. While a lost or stolen debit card can cause issues, it is not a direct disadvantage of using a debit card. The other options, such as interest charges or PIN issues, can be considered disadvantages.
8. Which of the following statements is false?
Choice c. "banking online is expensive" is the correct answer. Online banking is generally considered cost-effective or even free, as there are often no additional fees for managing accounts online.
9. Which of the following is not an advantage of online banking?
Choice c. "able to deposit and withdraw money" is the correct answer. While online banking does allow for deposits and withdrawals, this option is not exclusive to online banking and can also be done at physical bank branches.
I hope this helps clarify the answers to your questions!