WorksheetsBank services
Total questions: 13
Worksheet time: 7mins
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can be withdrawn at any time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
To what is the holder of a bank savings account entitled?
a cheque book
a credit card
a debit card
money available on demand
Which bank account can be withdrawn without limit?
Saving account
current account
fixed deposit account
deposit account
Which one is the disadvantage of bank loan?
offered for long term period
interest rate is lower
need recommendation/guarantor
loan repayable monthly
