BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To take money out of an account is called ____
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annual
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withdrawal
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fee
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deposit
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Explanation:
Detailed explanation-1: -A withdrawal involves removing funds from a bank account, savings plan, pension, or trust. In some cases, conditions must be met to withdraw funds without a penalty. A penalty for an early withdrawal usually arises when a clause in an investment contract is broken.
Detailed explanation-2: -A withdrawal is money that’s taken out of your account.
Detailed explanation-3: -: the act of taking back or away something that has been granted or possessed. : removal from a place of deposit or investment. c(1) : the discontinuance of administration or use of a drug. (2)
There is 1 question to complete.