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Questions and Answers
Which service do banks provide to account holders?
Which service do banks provide to account holders?
- Loans
- Cheque pads (correct)
- Credit cards
- Insurance policies
Who can draw cheques from the bank to pay money?
Who can draw cheques from the bank to pay money?
- Government officials
- Account holders (correct)
- Business owners
- Bank employees
What happens after formal verification and official procedures for cheques?
What happens after formal verification and official procedures for cheques?
- Cheques are returned to the account holder
- Cheques are sent to the government
- Cheques are destroyed
- Cheques are paid to customers (correct)
Which of the following is a service provided by banks to account holders?
Which of the following is a service provided by banks to account holders?
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When do banks pay for the cheques to customers?
When do banks pay for the cheques to customers?
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What do account holders do with the cheques provided by banks?
What do account holders do with the cheques provided by banks?
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