Banking Awareness - Types Of Bank Accounts
Which joint account type allows either of the two holders to operate the account, with the survivor continuing after one holder’s death?
Which joint account type allows either of the two holders to operate the account, with the survivor continuing after one holder’s death?
medium Q4 of 15
Step-by-Step Solution
Step 1: Identify lifetime operation.
Either holder can operate during lifetime.Step 2: Identify post-death rule.
The survivor continues to operate.Final Answer:
Either or Survivor → Option DQuick Check:
Either alive + survivor after death = Either or Survivor ✅
Quick Trick: Either during life, survivor after death.
Common Mistakes:
MISTAKES- Choosing Anyone or Survivor when only two holders are implied.
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