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Bank account quiz

  •  10     Public
    Imported from Quizlet
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  • Question 1: What account allows you to deposit and withdraw money whenever you need?
    Answer: Checking account /current account
  •  15
  • Question 2: What account that you have to deposit money in every fixed period of time?
    Answer: Recurring deposit account
  •  15
  • Question 3: What account requires you to keep money in for a fixed period of time?
    Answer: Time deposit account
  •  15
  • Question 4: What account gives you some interest but you can still withdraw your money from it at the same time?
    Answer: Savings account
  •  15
  • Question 5: What account is connected to your debit card?
    Answer: Checking account /current account
  •  15
  • Question 6: What account gives you the highest interest?
    Answer: Time deposit account
  •  15
  • Question 7: What account requires the lowest balance?
    Answer: Checking account /current account
  •  15
  • Question 8: What account allows you to withdraw money before the due date but with very low interest?
    Answer: Time deposit account
  •  15
  • Question 9: What account allows you to withdraw money from the ATM?
    Answer: Checking account /current account
  •  15
  • Question 10: Which account gives you higher interest rate, savings account or current account?
    Answer: Savings account
  •  15