Banking Awareness - Types Of Bank Accounts
In banking, CASA deposits are considered beneficial mainly because they provide banks with:
In banking, CASA deposits are considered beneficial mainly because they provide banks with:
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify the nature of CASA deposits.
CASA includes current and savings accounts.Step 2: Recall interest characteristics.
Current accounts pay no interest and savings accounts pay low interest.Final Answer:
Low-cost funds → Option AQuick Check:
Low or zero interest paid = low-cost funds for banks ✅
Quick Trick: CASA always means cheap funds for banks.
Common Mistakes:
- Assuming CASA deposits are long-term locked funds.
Master "Types Of Bank Accounts" in Banking Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Banking Awareness Quizzes