ISLAMIC DEPOSIT

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ISLAMIC DEPOSIT

Question 1 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
For any Islamic contract deposit, banks CAN offer any inducement in the form of gifts or promotional items such as free umbrella with Bank's logo to attract new depositors.
A
True
B
False
Question 2 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The followings explain how banks facilitate international trading EXCEPT:
A
Convert and trade foreign currencies
B
Invest money with the companies
C
Finance trade between companies and customers located in different countries
D
Simplify the process of corporate finance through its overseas branches
Question 3 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Importer sells goods to buyer in other countries
A
TRUE
B
FALSE
Question 4 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The function of letter of credit:
A
A letter offering loan for importer.
B
As a guarantee that importer will receive delivery from exporter
C
A letter which requires the importer to make immediate payment
D
As a guarantee that the exporter will receive full payment from the importer.
Question 5 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In the letter of credit, who is the issuer of the LC?
A
Importer
B
Exporter
C
Importer's bank
D
Exporter's bank
There are 5 questions to complete.