What is the main function of deposit insurance fund?
A. To ensure that the banks have sufficient fund to finance other economic sectors.
B. To protect the banks from all kinds of risks arising from their operation.
C. To meet requirements of financial needs of the public.
D. To pledge to depositors that their money is safe whenever a bank is insolvency.
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Nowadays a private business usually obtains its working capital through a commercial bank.
A. Right
B. Wrong
C. Doesn't say
The term-loan agreement specifies a draw-down period of, say, up to two years, during which the funds must be used by the borrower; otherwise the borrower is not allowed to draw down any unused credit.
A. Right
B. Wrong
C. Doesn't say
The PBC can exercise examination of a commercial bank at any time.
A. Right
B. Wrong
C. Doesn't say
A member staff of the PBC should present his legitimate certificate for on-site examination.
A. Right
B. Wrong
C. Doesn't say