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Banking Fundamentals: Assets and Liabilities
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Banking Fundamentals: Assets and Liabilities

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@TimelyBigBen

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Questions and Answers

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?

  • 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?

  • 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?

    <p>Demand Deposit</p> Signup and view all the answers

    What is the name of the deposit that has a fixed time period and cannot be accessed until the lock period is served?

    <p>Term Deposit</p> Signup and view all the answers

    What is the range of interest rates for term deposits?

    <p>7% to 9%</p> Signup and view all the answers

    What is the term used to describe deposit products that are known to consumers?

    <p>Deposit products</p> Signup and view all the answers

    How can an account holder access their demand deposit?

    <p>Through ATMs or online banking</p> Signup and view all the answers

    What is the characteristic of a term deposit that prevents withdrawals until maturity?

    <p>Lock period</p> Signup and view all the answers

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