Banking Awareness - Types Of Bank Accounts
From a bank’s perspective, current accounts are important mainly because they:
From a bank’s perspective, current accounts are important mainly because they:
hard Q10 of 15
Step-by-Step Solution
Step 1: Understand bank benefit.
Current accounts involve service charges.Step 2: Identify revenue source.
Banks earn fees rather than paying interest.Final Answer:
Generate fee-based income → Option BQuick Check:
Charges + services = Bank revenue ✅
Quick Trick: Current account profit = fees, not interest.
Common Mistakes:
MISTAKES- Thinking banks earn through interest spread here.
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