ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not a common fee assessed by your bank?
A
Overdraft Fee
B
Sales Fee
C
ATM Fee
D
Monthly Service Fee
Explanation: 

Detailed explanation-1: -Examples of bank fees range from account maintenance charges, withdrawal and transfer fees, automated teller machine (ATM) fees, non-sufficient fund (NSF) fees, late payment charges, and others.

Detailed explanation-2: -The current answer is URL. URL is NOT a service provided to its clients by banks in India.

Detailed explanation-3: -Fees are applied in a variety of ways such as costs, charges, commissions, and penalties. Fees are most commonly found in heavily transactional services and are paid in lieu of a wage or salary.

Detailed explanation-4: -Monthly maintenance/service fee. Out-of-network ATM fee. Excessive transactions fee. Overdraft fee. Insufficient fund fee. Wire transfer fee. Early account closing fee. Bottom line.

There is 1 question to complete.