46. Which type of bank account is most appropriate for short-term emergency savings?
a) Savings account
b) Current account
c) Money market account
d) Certificate of deposit
47. What is the term used for the process of verifying the accuracy and authenticity of a deposited cheque?
a) Cheque truncation
b) Cheque endorsement
c) Cheque clearing
d) Cheque verification
48. Which type of bank account is primarily used for high-volume transactions by businesses?
a) Savings account
b) Current account
c) Money market account
d) Certificate of deposit
49. What is the term used for the fee charged by a bank for exceeding the maximum number of withdrawals from a savings account?
a) Overdraft fee
b) Annual fee
c) Transaction fee
d) Excess withdrawal fee
50. Which government agency regulates and supervises banks in the United Kingdom?
a) Bank of England
b) Financial Services Authority (FSA)
c) Financial Conduct Authority (FCA)
d) Prudential Regulation Authority (PRA)
