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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a savings account?
💡 Hint: Think about how banks encourage savings.
Question 2
Easy
Name one feature of a current account.
💡 Hint: Consider its primary usage in daily banking.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
Which type of account typically earns no interest?
💡 Hint: Consider which account is most frequently used in transactions.
Question 2
True or False: Fixed deposits do not allow you to withdraw funds before the maturity period.
💡 Hint: Think about the nature of fixed deposits locking funds.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
Imagine you are saving for a car using various accounts. If you deposit $100 a month into a recurring deposit that offers 5% interest, how much will you have after 2 years?
💡 Hint: Consider both the total contributions and the compound interest on them.
Question 2
Evaluate the suitability of a current account for a small business needing to handle multiple transactions daily while ensuring liquidity.
💡 Hint: Focus on how businesses handle cash flow versus savings.
Challenge and get performance evaluation