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 (A)</p> Signup and view all the answers

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

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

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