G.K. Questions on Banking
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Which of the following is a type of banking service that allows your principal to grow through the adding in of interest?
basic checking account
Interest earned on interest is called
interest on fire
Money that is owed to you.
Money that you owe (usually monthly).
The speed of the music
If a bank has to borrow funds from RBI for a long term, which among the following will be applicable?
liquidity Adjustment Facility
A high credit score
A low credit score
An average credit score
Paying your bills early
Unified Payment Interface
Unique Payment Interface
United Payment Interaction
Unified Processing Interface
An autopay of $1,400 for the electricity bill for the period January-February 2016 is made by bank but not yet entered in the cash book.
Cash bookDr Cash Cr electricity bill
Cash bookDr electricity bill Cr Cash
Bank Rec. item, Add to bank balance
Bank Rec. item, less from cash book bal.
Why do I need a bank account?
To save money
Because my teacher says I do
correctchoice To pay bills
correctchoice To keep my money safe