26. Which of the following is not a function of the central bank regarding bank deposits?
a) Issuing currency and coins
b) Regulating interest rates
c) Supervising and inspecting banks
d) Providing insurance coverage
27. What is the term used for a deposit account with joint ownership by two or more individuals?
a) Trust account
b) Joint account
c) Sole account
d) Offshore account
28. Which type of bank account typically attracts overdraft fees?
a) Savings account
b) Current account
c) Money market account
d) Certificate of deposit
29. What is the term used for a bank’s interest payment to a customer at regular intervals?
a) Compound interest
b) Interest expense
c) Simple interest
d) Interest dividend
30. Which of the following is an example of an electronic fund transfer method for bank deposits?
a) Cash deposit at ATM
b) Cash deposit at branch
c) Cheque deposit at branch
d) Wire transfer
