Banking Awareness - Types Of Bank Accounts
Which of the following best suits a customer who needs frequent access to funds?
Which of the following best suits a customer who needs frequent access to funds?
hard Q8 of 15
Step-by-Step Solution
Step 1: Identify the need.
The customer needs frequent access.Step 2: Match with deposit type.
Demand deposits allow anytime withdrawal.Final Answer:
Demand Deposit → Option CQuick Check:
Frequent access = Demand Deposit ✅
Quick Trick: Access priority means demand deposit.
Common Mistakes:
- Choosing FD for convenience.
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