Type of investment (deposit) Flashcards
1
Q
This is a type of accounts that allows the depositor to use a cheque and receive
a cheque from a customer and deposit it to this account.
A
current account
2
Q
Traditionally, this is an account where all transactions are recorded in a passbook.
A
savings
3
Q
A bank account that received a certificate as evidence of deposit made.
A
time deposit
4
Q
Which of the following investment do not earn interest?
A
current account
5
Q
This is an account that is considered passive income
A
time deposit
6
Q
It allows depositors to grow
their money with higher interest rates compared to a regular savings account.
A
time deposit
