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What is the key advantage of using electronic payments instead of currency or checks?   A. Lower transaction costs   B. Lower opportunity costs   C. Lower interest charges

What is the ultimate objective of financial management?   Question 7 options:     to ensure the ROA is higher than ROR     to obtain a higher ROR than ROA     to ensure that ROA is higher than the cost of financing     to collect trade receivables faster than the payment of trade and other payables

Which of the following actions is least likely to increase acompany’s accounts receivable turnover?a. Encouraging customers to use bank credit cards, suchas Visa and MasterCard, rather than other nationalcredit cards, such as American Express.b. Offer customers larger cash discounts for making earlypayments.c. Reduce the interest rate charged to credit customers.d. Sell accounts receivable to a factor.

Which of the following statements is correct?   A. Bitcoins are mainly used as financial investments, as opposed to a means of payment for services and goods.   B. New Bitcoins are given to the miners who win by users whose transactions have been verified.   C. If one exchange Bitcoins for domestic currency, the amount of Bitcoins in circulation decreases.   D. Bitcoins are created by an institution that makes a loan in Bitcoins.   E. Bitcoins are a liability for miners.

Which of the following is not true     Large Value Transfer System is an electronic, real time net settlement network     The Bank of Canada implements monetary policy by lending money at the prime rate     LVTS and ACSS are operated by the Canadian Payments Association     The market for settlement balances is where overnight interest rate is determined   Financial innovation has caused     banks to suffer declines in their cost advantages in acquiring funds, although it has not caused a decline in income advantages     banks to suffer a simultaneous decline of cost and income advantages     banks to suffer declines in their income advantages in acquiring funds, although it has not caused a decline in cost advantages     banks to achieve competitive advantages in both costs and income

Banks find it necessary to accommodate their clients’ needs to buy or sell FX forward, in many instances for hedging purposes. How can the bank eliminate the currency exposure it has created for itself by accommodating a client’s forward transaction?

Denomination intermediation refers to: a. The efficiency with which depository institutions provide payment services such as cheque clearing. b. Converting foreign denominated currency into local currency. c. FIs allowing small investors to overcome constraints to buying assets imposed by large minimum denomination size.

Examples of off-balance-sheet activities include foreign exchange market transactions. Oborrowing from other banks. O extending loans to depositors. discount window operations.

Arbitrage is the practice of making money by simultaneously buying in one market and selling in another.  It takes advantage of price differences between the two or more markets. Give an example and explain how is this possible. Give enough detail that we can understand the basics of the transaction.

For the merchant, bank credit card sales are treated in a manner similar to? Cash Sales?

Which one of the following statements is true of E-commerce? Question 13Answer a. It  involves the exchange of an electronic item for cash.  b. Banks are reducing their use of e-commerce platforms because of cyber attacks. c. Includes trading and transferring of funds by using computer networks. d. E-commerce is not as secure as traditional delivery channels.

What is the difference between technology risk and operational risk? How does internationalizing the payments system among banks increase operational risk

A bank that grants loans to firms in a many different lines of business:  will increase its information cost and decrease its credit risk will increase both its information cost and its credit risk will decrease its information cost and decerase its credit risk will decrease its information costs and increase its credit risk

Which of the following is true about M-Pesa? a. virtual cash can be swapped and transferred between mobile users with a simple text message and a system of codes b. a network which provides financial and policy advocacy suppot to MFIs c. a for profit insurance company that provides simplified single risk products to microfinance customers d. a zero interest peer to peer lending platform

what are some of the ethical pros and ethical cons concerning a conversion to Central Bank Digital Currency?