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  3. University Of South Africa (Unisa)
  4.  
  5. BAN1501 - Banking: Introduction

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Summary BAN1501 Assignment 2 for semester 1 & 2 of 2021
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This document contains answers for BAN1501 assignment 2 for semester 1 & 2 of 2021. 100% pass guaranteed. For further details, :

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  • April 25, 2021
  • 5
  • 2021/2022
  • Summary

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BAN1501
ASSIGNMENT 2 FOR SEMESTER 1 & 2 OF 2021
UNIQUE NUMBER: 761687

1 4 Reference: Study guide p 51
An overdraft or advance is an amount by which the debit side of an
account exceeds the balance of the account (normally a current
account), in other words the customer withdraws more money than is in
the account.

, 2 2


3 3 Reference: Study guide p 21 – 22
Banks have singled out four important issues for successful marketing
(a) Strategy
(b) Services: price and productivity
(c) The selling role
(d) Market segmentation


4 2


5 3 Reference: Study guide p 9
The major leaders are ABSA, Standard Bank, Nedbank and FNB Bank.


6 2 Reference: Study guide p 63
If a person cannot repay the money that he/she has borrowed, the bank
will claim the asset that the customer has given as security.


7 4 Reference: Study guide p 68
A mortgage bond is the transfer of an interest in land or property to a
lender as security for a debt.


8 1 Reference: Study guide p 51
Revolving credit can be explained as a financing arrangement that allows
a business customer or client to borrow up to a specified limit, repay all
or a portion of the loan, and re-borrow as necessary until the credit line
matures.


9 3 Reference: Study guide p 53
Factoring involves using the shorter-term assets of a business that are
expected to roll over (be converted) into cash in the near future, such as
accounts receivable and inventory, in order to raise more working capital.

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