What Act authorizes banks to do business? - _________________. a. The Banking Act of 1987. b. The Banking Act of 1987 did. c. The Banking Act 1987 does. d. Banking Act of 1987. 8) ____ merchant banks ____ to commercial banks? a. does...refer b. do...refer c. does...referred d. do...referring 9) ____ retail banks widely spread in Great Britain? a. is b. are c. do d. does 10) The major retail banks operate through numerous branches, ____? a. aren’t they b. are they c. do they d. don’t they 11) Banks provide current ____ facilities both to individuals and businesses. a. accountant b. account c. accounted d. accounts 12) Does the classic banking business ____ tailing deposits and lending money? a. do...involve b. does...involve c. do...to involve d. does...involved 13) Retail banks offer ____ extending range of financial services. a. - b. a c. an d. these 14) When ____ building societies started in Great Britain? a. do...start b. did...start c. did...started d. does...start 15) One of the functions of Building Societies is ____ mortgage finance for people. a. provided b. provide c. to provide d. provides 16) Do Building Societies hold ____ savings than any other deposit-taking institutions? a. much b. many c. a lot d. more 17) In Great Britain an orderly flow of funds between the authorities and the banks ____ by Discount Houses. a. promote b. is promoted c. promotes d. are promoted 18) What institutions do building societies compete ____? a. at b. through c. with d. from