5 Questions
Which one of these is NOT a commonly understood type of bank account?
Savings account
What is recorded in a bank account?
Financial transactions between the bank and a customer
Can a customer have more than one bank account?
Yes, a customer can have multiple bank accounts
What is reported to the customer on a bank statement?
The balance of the account
What are funds entrusted by the customer to the financial institution called?
Deposits
Test your knowledge about bank accounts and their functions with this informative quiz. Learn about the different types of bank accounts and the financial transactions recorded within them.
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