What are the basic banking terms

Question

Accepted Answer

Basic banking terms include savings account, checking account, interest rate, loan, credit card, and ATM.

Savings account: A bank account that earns interest on deposited funds.
Checking account: A bank account used for everyday transactions.
Interest rate: The percentage charged by a lender for borrowing money.
Loan: Money borrowed from a bank or financial institution that must be repaid with interest.
Credit card: A payment card issued by a bank that allows the cardholder to borrow funds for purchases.
ATM: Automated Teller Machine, a self-service machine that allows customers to perform banking transactions.

Accepted Answer

I dont no the basic banking terms

Interview Questions Asked to Customer Care Representative at Other Companies