Banking Awareness - Types Of Bank Accounts
Which factor makes current accounts the most valuable component of CASA?
Which factor makes current accounts the most valuable component of CASA?
medium Q4 of 15
Step-by-Step Solution
Step 1: Recall current account interest feature.
Current accounts generally pay no interest.Step 2: Link to CASA benefit.
Zero interest means zero cost of funds.Final Answer:
Zero interest paid on balances → Option DQuick Check:
No interest = strongest CASA contribution ✅
Quick Trick: Zero interest accounts maximise CASA benefit.
Common Mistakes:
- Assuming transaction volume reduces CASA value.
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