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Category: BFN104

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BFN104

1 / 50

The fact that there's something that could be acceptable as a medium of exchange for goods and/or services created room for___________

2 / 50

Capacity building has become a major concern of the ___________ industry

3 / 50

Bankers Committee comprise of the __________of all licensed banks in Nigeria

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A __________is a bank in which the order to pay is directed. It is the paying bank in which order to pay is directed, that is the bank that holds the customer’s money.

5 / 50

The Bankers Committee came into being in ________

6 / 50

________ has the main objective of enhancing the employee’s level of performance as well as make available suitably trained manpower to present and future needs.

7 / 50

_________ are those measures taken by the monetary authorities to control the cost, quality and direction of credit to achieve national objectives.

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The profits of a bank are the portion of its total receipts which include the following except_______

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The areas of CBN regulations includes the following except__________

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__________ is when money is used every second, minute and hour to effect payments all over the world.

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A __________ is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time a sum certain in money, to or to the order of a specified person or to bearer.

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The Era of _________ is an era that actually came to resolve of the problems posed by the barter system.

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Monetary policy circular is a booklet published annually by __________

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_________is the payee, or endorser of a Bill or Note, who is in possession of it or bearer thereof

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Micro finance banks source for funds from interest income, deposits&savings and ________

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The enforcement of the rules and regulation in Nigerian Banking system fall on the ________

17 / 50

Manpower development is usually done through all of the following except_________

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_________ is a type of cheque crossing which has no statutory significant and non-binding on the paying banker and do not affect the transferability or
negotiability of the cheque.

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_________refers to definitions of a bank and banking business according to abrogated 1969 Banking decree

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The Bankers Committee came into being in _______

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______is the effective deployment of ICT by Banks

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The era of ___________ was marked by the exchange of goods and services for goods and services within and among the expanding families.

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Banking in Nigeria started in ________ with the establishment of a branch of African Banking Corporation in Lagos

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The establishment of the___________provided the base for a monetary type of economy in Nigeria

25 / 50

Industrial and Continental Bank (ICB) was established in __________

26 / 50

Money is said to be _________if it could be acceptable in any part of the world.

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________ is an unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed determinable future time, a sum certain in money to or to the order of a specified person or bearer.

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_________ is money that is acceptable to the masses on the strength of government imprints on it.

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_________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning

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Bankers Committee comprise of the__________of all licensed banks in Nigeria and is supervised by the Central Bank of Nigeria (CBN).

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The directorate of finance and administration is responsible for the management of all of the following except_________

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A cheque is ________ where a cheque is specially crossed to a named banker with the addition of the word ‘only.

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The types of money are pure money, token money  and __________

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___________is simply an irredeemable and inconvertible money that derives its power to circulate from the government backing.

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________implies that a fifty naira note used in Lagos state should be identical to the one used in Benue state of Nigeria.

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The era of ________ was marked by the simple ownership, possession and control of the natural resources

37 / 50

The concept of e-money in Nigeria was introduced in _________

38 / 50

Bankers Committee is supervised by the ________

39 / 50

The National Secretariat is run on a directorate system under the direct administration of the _______

40 / 50

_________ endorsement is one which prohibits further negotiation of the bill

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The enforcement of the rules and regulation in Nigerian Banking system fall on the ________

42 / 50

The Directorate of Education and Consultancy is made up of all of the following except_________

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__________is the beneficiary of the proceed of the cheque i.e. the person who will receive the face value of the cheque.

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The department of research and consultancy is made up of the following units except___________

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_________endorsement is one which prohibits further negotiation of the bill

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__________are those money market instruments that can be easily converted into cash without loss in value.

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__________ activities focused on Corporate lending, General Management, Advance finance and Accounting and Corporate Planning

48 / 50

The Chartered Institute of Bankers was registered in 1976 as _________

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_________ is the effective deployment of ICT by Banks

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Chartered Institute of Bankers came into  existence in year _________

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