BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which word describes money you put INTO your account?
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deposit
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withdrawal
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fee
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balance
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Explanation:
Detailed explanation-1: -A deposit generally refers to money held in a bank account. A deposit can also be the funds used as security or collateral for the delivery of goods or services.
Detailed explanation-2: -A deposit is money you put into your bank account. You should deposit money in a bank to create savings and earn interest on it. A demand deposit is made for funds you can withdraw anytime. A time deposit is a long-term investment. A deposit could also be the collateral amount you pay when you take on a loan.
Detailed explanation-3: -noun. 1. : the state of being deposited. : something placed for safekeeping: such as. : money deposited in a bank.
There is 1 question to complete.