Bank services

How many types of accounts offer by the commercial banks?

• 1

• 2

• 3

• 4

Dani is a businessmen.Which account should he use?

• Current Account

• Deposit Account

• Fixed Deposit Account

• Saving Account

What is an advantage to a customer of having an internet bank account?

• being sure of complete security

• paying in cash and cheques

• receiving alerts about the account

• withdrawing cash at any time

What is a feature of a bank current account?

• A high interest rate is earned on money deposited.

• A minimum amount must be kept in the account

• An overdraft may be possible

• It is a means off long-term saving

What is a feature of a bank deposit/saving account?

• A high interest rate is earned on money deposited

• Can be opened with minimum deposit

• An overdraft may be possible

• Cheque book will be given

What is a feature of a bank fixed deposit account?

• A high interest rate is earned on money deposited

• can be withdrawn at any time

• Cheque book will be given

• can be opened with a minimum deposit

These are the main services of a commercial bank

• Accepting deposits

• Providing bank loans

• Providing internet banking services

• Providing accounts without deposits

• Issuing bank drafts and cheque

Mr Soon has an overdraft limit of $5000. His current account has a credit balance of $300. If he draws further cheques totaling $2000, what will be the overdrawn balance on his account/

• $300

• $1700

• $2300

• $7000

What is the customer most likely to be requesting from the bank manager?

• credit card

• current accouunt

• loan

• overdraft

How does a bank night safe assist a local retailer?

• allowing cash to be drawn after banking hours

• paying interest on savings deposited

• safeguarding takings when the bank is closed

• storing important documents