Banking: set 4
10 questions. Click an option: a correct answer turns green, a wrong one red, and an explanation appears.
A hypothetical commercial bank has loans to customers of 840 bln soums and customer deposits of 1 050 bln soums. What is the loan-to-deposit ratio (loans / deposits × 100%)?
A bank granted "Yunusobod print" LLC an overdraft: for 9 days the debt was 20 mln soums, and for the next 6 days it was 12 mln soums. Interest is charged on the daily debt balance at an annual rate of 21.9%, with a 365-day year (hypothetical terms). What is the total interest for the 15 days?
"Guliston mebel" LLC opened a letter of credit at its bank for settlements with a supplier. Under the contract, an advance to the supplier for timber (inventories) was paid from this letter of credit. What journal entry is made?
A hypothetical commercial bank's assets: government securities 300 bln soum (risk weight 0%), loans to companies 500 bln soum (100%), funds in other banks 200 bln soum (50%). The bank's capital is 90 bln soum. What is the ratio of capital to risk-weighted assets (hypothetical weights)?
In a bank statement for its own account, "Oqqo'rg'on non" LLC saw an entry of 15 000 000 soum in the "Credit" column. What does this mean for the company?
A bank buys US dollars from customers at 12 650 soum and sells them to customers at 12 750 soum (hypothetical rates). A company sold 2 000 dollars of export proceeds to this bank. How many soum does the company receive (without fees)?
An entrepreneur took a bank loan of 10 000 000 soum: 1 year, 20% simple annual interest, interest and principal paid at the end of the year. When issuing the loan the bank immediately withheld a one-off fee of 2% of the amount (hypothetical terms). What is the approximate effective annual cost of the loan relative to the money actually received?
"Jizzax tekstil" LLC took a 5-year bank loan for a new workshop, and the loan money arrived in the company's settlement account. Which journal entry is made under NAS No. 21?
The bank lent "Tomdi tikuv" LLC 60 000 000 soum for 45 days. Under the contract the annual rate is 18% and a year is taken as 360 days for interest calculation (hypothetical terms). What is the amount of interest accrued on the loan?
A bank took the borrower's property as collateral under a loan agreement. What is the main meaning of collateral for the bank?