11. Which type of bank is responsible for processing and clearing checks on behalf of other banks?
a) Correspondent banks
b) Retail banks
c) Investment banks
d) Central banks
12. Which type of bank provides services related to foreign currency exchange and international transactions?
a) Retail banks
b) Investment banks
c) Offshore banks
d) Central banks
13. Which type of bank specializes in providing financial services to members of the armed forces?
a) Military banks
b) Retail banks
c) Investment banks
d) Central banks
14. Which type of bank focuses on providing financial services and loans to students for educational purposes?
a) Retail banks
b) Investment banks
c) Student banks
d) Central banks
15. Which type of bank is specifically established to provide financial services to low-income individuals and communities?
a) Retail banks
b) Development banks
c) Microfinance banks
d) Central banks
