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Questions and Answers
True or false: Savings accounts typically provide unlimited cheque and linked debit card facilities?
True or false: Savings accounts typically provide unlimited cheque and linked debit card facilities?
False (B)
True or false: Traditionally, transactions on savings accounts were widely recorded in a passbook and bank statements were not provided?
True or false: Traditionally, transactions on savings accounts were widely recorded in a passbook and bank statements were not provided?
True (A)
True or false: Almost all savings accounts accrue simple interest over time?
True or false: Almost all savings accounts accrue simple interest over time?
False (B)
True or false: Some countries provide a government guarantee for at least a portion of the savings account balance?
True or false: Some countries provide a government guarantee for at least a portion of the savings account balance?
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True or false: Some savings accounts have special requirements such as a minimum initial deposit and regular deposits?
True or false: Some savings accounts have special requirements such as a minimum initial deposit and regular deposits?
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