Universal banks are different from commercial banks because the latter has an investment house

• True
• False

Which of the following are the examples of off balance sheet activities: I. letters of credit, II. Commercial letter of credit III. Underwriting facilities IV. Operating Lease

• I and II
• I, II, and III
• None of the above
• All of the above

Suppose a customer wishes to open a deposit account with a bank. The account will be mainly used to generate higher returns to excess cash that will not be in use for the next few months. Which deposit product is most likely recommended to customer?

• Demand deposit account
• Time deposit account
• Letters of Credit
• NOW account