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Scoreboard - Assignments - Kahoot! — Mozilla Firefox 4_7_2022 1_15_45 PM

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Where does the customer sign in their cheques?

Answer:
At the number 5 as shown in the picture
Sign the check on the line located in the bottom-right corner. Use the same name and signature that the bank has on file. This is a necessary step, as a check will not be valid without a signature.

Additional Information:
1. Current Date
2. Payee -  The name of the person or organization you’re paying
3. Amount in Numeric Forms
4. Amount in Words
5. Signature
6. Memo -  Optional and will not affect how banks process your check

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Who is the drawer? Importer or Exporter (Buyer or Seller)

Answer:
The drawer is definitely the Exporter (Seller). The drawer of a bill is a person who is owed the money, also known as the creditor of the drawee. The drawer is the one who will issue a Bill of Exchange for Cargo Shipped. When a drawer draws a bill, he is liable until accepted by the drawee. Even if the acceptor (drawee) defaults, the drawer is liable.

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How a Bill of Exchange is created?

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EXERCISE - FIXED DEPOSITS

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The reason February's amount is less than January's is because February has 29 days while January has 31. Consequently, the shorter the day, the less interest is earned.

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1.     Picture 1 – Debtors – Creditors Relationship

This link exists due to transactions on a savings account. A customer deposits his funds into his bank account and then withdraws them when necessary. Bank is permitted to use the customer's accepted funds (deposit). The customer retains all rights to withdraw funds at any moment. A bank's customer is a customer of the branch where their account is maintained.

2.     Picture 2 - Trustee

Some banks have a trust department that performs the responsibilities of a trustee. In managing the trust's affairs, the bank will owe a stronger duty of care to the beneficiaries. For instance, opening a savings account for a client's son ( who is a minor below the age of 18). This account is associated with the TRUST ACCOUNT.

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Presentation CBO Lecture 03 - PowerPoint 7_7_2022 7_29_48 PM

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NURIL FATIHAH BINTI BADRUL HISHAM (270118) -  BWBB3013 (A) CASE STUDY 1

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Which of the supervision department is related to the checking and auditing of the banking institutions in Malaysia?

Answer: Banking Supervision.

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Certificate for _NURIL FATIHAH BINTI BADRUL ..._ for _ELECTRONIC BANKING CHALLENGE_