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Question
Write a word or a term or a phase which can substitute the following statement:
The type of account for which higher rate of interest is paid to bank depositors..
Solution
Fixed deposits account
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RELATED QUESTIONS
Write a word or a term or a phase which can substitute the following statement:
Separate loan account under which the short term loan facility given by bank to the business
Select the correct answer from the options given below and rewrite the statement.
Bank provides overdraft facility to ___________ account holder.
Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.
Select the correct answer from the options given below and rewrite the statement.
The appointment of banker is usually made by the _______.
State whether the following statement is true or false :
Bank account of company is operated by shareholder.
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Bank overdraft facility is a long term facility.
State whether the following statement is true or false :
Banks grant long term loans only.
Find the odd one:
Complete the sentence:
A facility under which a customer can overdraw money from his account is called as ___________.
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| ________________ | Current Account |
Attempt the following:
Write a letter requesting the bank to issue a letter of credit.
Attempt the following:
Write a letter requesting the bank for granting overdraft facility
Distinguish between the following:
Fixed deposit account and recurring deposit account
Distinguish between the following:
Loan and overdraft
Explain the following term/concept:
Stop payment of cheque
Explain the following terms/concept:
Advances
Explain the following term/concept:
Bank
Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.
Write the meaning of ‘Bank.’
