BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Banks move money between:
A
other banks
B
banks and individual customers
C
governments
D
all of these
Explanation: 

Detailed explanation-1: -A bank transfer is a transaction that moves money from one bank account to another, either electronically or via a check. A bank transfer can be internal, meaning the transfer occurs between accounts at the same bank, or external, with funds transferred between accounts at two different banks.

Detailed explanation-2: -The three main types of transactions include checks, withdrawals and deposits.

Detailed explanation-3: -Money Movement is an experimental API that lets you simulate transfers between Capital One linked accounts. This can allow users to easily make and edit simple transfers from within your app.

Detailed explanation-4: -A bank transfer is when money is sent from one bank account to another.

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