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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What type of account earns interest while allowing customers to save money?
💡 Hint: Think about accounts focused on saving.
Question 2
Easy
What function does a current account serve?
💡 Hint: Consider accounts used daily.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What type of account typically earns interest on deposits?
💡 Hint: Focus on accounts that promote saving.
Question 2
True or False: A current account generally earns interest.
💡 Hint: Recall the characteristics of current accounts.
Solve 2 more questions and get performance evaluation
Push your limits with challenges.
Question 1
If a customer has a savings account with a 4% interest rate and deposits $5,000, how much will they have after 2 years?
💡 Hint: Use the formula for compound interest.
Question 2
Discuss the impacts of banks providing loans on local businesses and community development.
💡 Hint: Think about the economic cycle and how businesses contribute to it.
Challenge and get performance evaluation