5.3 - Functions of a Commercial Bank
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Practice Questions
Test your understanding with targeted questions
What is a savings account?
💡 Hint: Think of an account that you can use to save money.
What does an overdraft facility allow?
💡 Hint: Consider how it helps when you need funds temporarily.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What type of account typically offers no interest?
💡 Hint: Think about each account's purpose.
True or False: Fixed deposits generally provide lower interest than savings accounts.
💡 Hint: Consider which account is aimed at encouraging long-term savings.
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Challenge Problems
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Design a community program that encourages savings among youth using the features of different bank accounts.
💡 Hint: Consider the benefits of each type of account and how you can inspire young people to save.
Analyze the economic impact of banks providing overdraft facilities to small businesses.
💡 Hint: Think about how businesses benefit from speed and flexibility in their financial dealings.
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