Banking and Financial Institutions

1:

Bank deposit refers to

A.
The amount of money standing to the credit of a customer of a bank
B.
A term used by the Federal Reserve to refer to the total deposits of member banks
C.
The amount of money standing to the debit as a customer of a bank
D.

All of the above

 

Answer : A

Explanation :

Bajrang said: (2:54am on Tuesday 31st January 2017)
how bank deposit may be as amount of money standing to the credit and debit of a customer of bank? as it is given in option A and C.
Shaila said: (4:27am on Friday 6th April 2018)
How you can tell that it acts as credit and debit of customer

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Option: A

Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.