Mastering the World of Bank Accounts
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Questions and Answers

Which type of account helps you manage your day-to-day money, pay bills, and receive incoming money?

  • Current accounts (correct)
  • Savings accounts
  • Investment accounts
  • Retirement accounts

    • What are current accounts with extra incentives called?

  • Packaged accounts (correct)
  • Basic accounts
  • Premium accounts
  • Standard accounts

    • When considering a packaged current account, what should you compare the annual cost of the package to?

  • The cost of basic current accounts
  • The cost of other packaged accounts
  • The cost of separate incentives (correct)
  • The cost of savings accounts

    • What is the monthly fee range for packaged current accounts?

    <p>£10-£20</p> Signup and view all the answers

    What service allows you to move your current account from one bank to another?

    <p>Switching service</p> Signup and view all the answers

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