Types of Banking

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11. What is agricultural banking?

a) Banking services offered to individuals in rural areas

b) Banking services offered to individuals with low income

c) Banking services offered to small businesses

d) Banking services offered to farmers and agricultural businesses

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12. What is foreign banking?

a) Banking services offered by foreign institutions in a country

b) Banking services prohibited for foreign individuals

c) Banking services offered only to foreigners

d) Banking services offered online to international clients

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13. What is cooperative banking?

a) Banking services offered to individuals in rural areas

b) Banking services offered to individuals with low income

c) Banking services offered to small businesses with members as shareholders

d) Banking services offered through online platforms

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14. What is correspondent banking?

a) Banking services offered by correspondents between two banks

b) Banking services offered to business correspondents only

c) Banking services offered to individuals through correspondence

d) Banking services offered through online platforms to international clients

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15. What is money laundering?

a) The process of cleaning money using laundry machines

b) The process of making illicitly obtained money appear legal

c) The process of transferring money internationally

d) The process of providing money to a bank

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