3 Questions
What does the balance in your bank account indicate?
The amount of money the bank owes you
What does a bank deposit actually represent?
A loan you have given to the bank
Why does the bank pay interest on deposits?
Because the bank is borrowing your money
Test your knowledge on banking terms and learn about the true meaning of deposits with this quiz. Discover the difference between storing valuables in a deposit box and the money in your bank account. Challenge yourself to understand common usage and definitions related to banking deposits.
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