Podcast
Questions and Answers
What is the term used to describe the money that people and companies put into banks?
What is the term used to describe the money that people and companies put into banks?
- Liability products (correct)
- Asset products
- Deposit transactions
- Bank investments
What is the primary difference between a demand deposit and a term deposit?
What is the primary difference between a demand deposit and a term deposit?
- Type of account
- Time period (correct)
- Minimum balance
- Rate of interest
What is the range of interest rates for current account and savings bank accounts?
What is the range of interest rates for current account and savings bank accounts?
- 3% to 5%
- 4% to 6% (correct)
- 7% to 9%
- 5% to 8%
What is the name of the deposit that can be accessed at any time without prior notice to the bank?
What is the name of the deposit that can be accessed at any time without prior notice to the bank?
What is the name of the deposit that has a fixed time period and cannot be accessed until the lock period is served?
What is the name of the deposit that has a fixed time period and cannot be accessed until the lock period is served?
What is the range of interest rates for term deposits?
What is the range of interest rates for term deposits?
What is the term used to describe deposit products that are known to consumers?
What is the term used to describe deposit products that are known to consumers?
How can an account holder access their demand deposit?
How can an account holder access their demand deposit?
What is the characteristic of a term deposit that prevents withdrawals until maturity?
What is the characteristic of a term deposit that prevents withdrawals until maturity?
Flashcards are hidden until you start studying
