5 Questions
What does a passbook show in a savings account?
Record of money deposited and withdrawn
Which type of bank account is primarily used for safekeeping money?
Savings account
What is the purpose of a checking account?
Recording business transactions
Why do people use credit cards?
For personal needs
What are the two main reasons people deposit money in the bank?
For safekeeping and earning interest
Test your knowledge on simple transactions and bank reconciliation statements in the modern world. Explore the benefits and risks of using credit cards and learn how to reconcile your bank statements effectively.
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