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Banking

Banking is the process of engaging in the business of keeping money for savings and checking accounts, issuance of loans and credit, and the like. This is an industry that is strictly regulated by the government.

24,470 Questions

What famous gem was owned by JP Morgan?

He didn't own any specific gem: by the beginning of the 1900s he had assembled the most important gem collection in America, containing over 1000 pieces.

What is needed to open bank account in Kenya?

To open a bank account in Kenya, you typically need to provide a valid identification document such as a national ID card or passport, proof of residence (e.g., utility bill or lease agreement), and minimum initial deposit amount as required by the bank. Some banks may also require you to fill out an account opening form and undergo a know-your-customer (KYC) verification process.

One of the drawbacks of electronic funds transfer is?

Chances of funds deposited accidentally into a different persons account are significant. When you make an electronic payment, if you enter one or more digits of the receivers account number incorrectly, the bank may end up making the payment to the wrong customer.

How does the world bank help developing countries?

The World Bank helps developing countries by providing financial assistance in the form of loans and grants to support projects aimed at reducing poverty, promoting economic development, and improving infrastructure. Additionally, the World Bank offers technical expertise, policy advice, and capacity-building support to help countries implement sustainable development policies and programs.

What change(s) in physical state occur if carbon dioxide at 50C and 73 ATM is cooled to -78C and 73 ATM?

The carbon dioxide would change from a supercritical fluid state to a liquid state as it is cooled. At 50°C and 73 ATM, carbon dioxide is in its supercritical state, which means it possesses properties of both a gas and a liquid due to high temperature and pressure. By cooling it to -78°C while maintaining 73 ATM pressure, it would transition into a liquid state.

What does curtailment mean in banking?

Curtailment in banking refers to the reduction or limitation of certain banking activities or services. This can include restrictions on lending, investments, or other financial activities to manage risk or comply with regulations. Curtailment may also refer to the early repayment of a loan or the withdrawal of funds from a specific financial product.

Why do you want to join banking sector as you are chemistry graduate?

The question in itself requires you to give the people who are interviewing you or may read youre resume, CV or application for a reason why a people gaduating in Chemistry woud more to an industry they have not gained qualifications in.

Why do you want to join in banking sector as you are chemistry graduate?

Simple question - Its assumed that youve a qualification that is not really in line with the job your applying for. Therefore a company will ask why youve applied for a industry that youve not based your learning on

Do ATM cards have magnets?

Yes, ATM cards do contain a magnetic stripe on the back that stores account information. This allows the card to be swiped at machines for transactions like withdrawing cash or making purchases.

How many banks operate in Kenya?

As of 2021, there are 39 banks operating in Kenya. This includes 31 commercial banks, 3 mortgage finance institutions, 2 microfinance banks, and 3 representative offices of foreign banks.

Convert 1 RMB to usd?

1 Chinese yuan (RMB) = 0.158 U.S. dollars as of now,

Check out updated currency exchange rates of RMB at : rmbconversion.com

Why is centrifuging used in blood banks?

Centrifuging is used in blood banks to separate blood components based on their density. This allows for the isolation of specific components such as red blood cells, platelets, and plasma, which are used for various medical treatments. Separating blood components through centrifugation helps ensure that patients receive the specific blood products they need.

What is the volume of 9.783x1023 atoms of He at 9.25 ATM and 512 K?

To calculate the volume of gas, you can use the ideal gas law equation: PV = nRT. Rearrange the equation to solve for V (volume), which gives V = (nRT)/P. Plug in the values: n = number of moles = number of atoms/(Avogadro's number), R = gas constant, T = temperature in Kelvin, and P = pressure. Calculate to find the volume in liters.

What change in pressure would result in the volume of gas increasing A 2 ATM to 3 ATM B 3 ATM to 4 ATM C 4 ATM to 1 ATM D 1 ATM to 3 ATM?

A. An increase in pressure from 2 ATM to 3 ATM will result in a decrease in volume of gas. B. An increase in pressure from 3 ATM to 4 ATM will result in a decrease in volume of gas. C. A decrease in pressure from 4 ATM to 1 ATM will result in an increase in volume of gas. D. An increase in pressure from 1 ATM to 3 ATM will result in a decrease in volume of gas.

Which one is not a unit of pressure ATM or bar or newton or mm Hg?

Newton is not a unit of pressure. Atmospheric pressure (ATM), bar, and millimeters of mercury (mm Hg) are common units of pressure.

What is the pressure of 0.520 ATM equal to in mm HG?

395.2 mmHG

Simply put.

1 ATM = 760 mmHG (Torr)

0.520 * 760 = 395.2 mmHG

What is the pressure in 0.997 ATM?

This pressure, of nearly one atm., is basically the atmospheric pressure which exists at sea level.

How to find out your PIN for chemical bank ATM card?

You can check out the letters you received from the bank to try to find out the PIN number of the ATM card (And that is only if you haven't changed it already). If this doesn't help, call up customer care and identify yourself and then request for a new ATM PIN. They will send you a new PIN within the next few days.

Why do you want to join in banking sector being a chemistry student?

I am interested in exploring the field of finance and banking to broaden my skill set and gain new experiences. I believe my analytical and problem-solving skills from studying chemistry can be valuable in the banking sector, particularly in areas like risk analysis and data interpretation. Additionally, I am excited about the possibility of learning about how financial systems operate and contribute to the economy.

What would happen if a ATM card were not swiped but just sat motionless in the readers slot?

If the ATM card is not swiped and just sits motionless in the reader's slot, the transaction will not be registered and the ATM will not dispense any cash. The card needs to be inserted or swiped in order for the machine to read the card information and proceed with the transaction.

Dr Maxwell performed several experiments which seem to indicate that eating chocolate is always bad for your health How should other scientists respond to Dr Maxwell's research?

Other scientists should review Dr. Maxwell's research methods, data, and conclusions to identify any flaws or biases. They should conduct their own studies to either replicate or contradict the results. Collaboration with Dr. Maxwell to further investigate the topic may also be beneficial.

Why do banks use databases?

Banks use databases to securely store and manage customer information, account details, transactions, and other financial data. Databases allow banks to quickly access and update this information, protect it from unauthorized access, and ensure data integrity and accuracy for compliance and regulatory purposes.

What is a bank repo rate?

A bank repo rate is the rate at which a central bank lends money to commercial banks in the event of a shortfall of funds. It is a tool used by central banks to control money supply in the economy. The repo rate influences interest rates for loans and deposits in the banking system.