Bank Documents & Transaction Related to Bank Deposits

It is a widely accepted bank document used to pay and withdraw huge and irregular value/amount of cash.

• A. check

• B. money

• C. note

• D. voucher

An account that intended to help clients save money for future needs

• A. Current account

• B. Savings account

• C. Recurring deposit

• D. Time Deposit

What kind of account allows payment and withdrawing by check?

• A. Current account

• B. Savings account

• C. Recurring deposit

• D. Time deposit

A time deposit is normally evidenced by a (an)

• A. Pass book

• B. Bank Statement

• C. Certificate of Time Deposit

• D. ATM Card

Which bank document is used by clients to get money from the banks?

• A. Deposit slip

• B. Bank Statement

• C. Payment Slip

• D. Withdrawal slip

Which document is used by clients to put money in the bank?

• A. Deposit slip

• B. Bank Statement

• C. Payment Slip

• D. Withdrawal Slip

What kind of account carries the convenience of withdrawing by check?

• A. Checking account

• B. Savings account

• C. Recurring deposit

• D. Time Deposit

What kind of account has a fixed maturity date and higher interest rate?

• A. Current Account

• B. Savings Account

• C. Recurring deposit

• D. Time Deposit

Which account provides clients with passbook for money placed in the bank for safekeeping?

• A. Current account

• B. Savings account

• C. Recurring deposit

• D. Time deposit

Which instrument is used for payment of goods and services as a substitute for cash?

• A. Check

• B. Deposit slip

• C. Payment slip

• D. Withdrawal Slip