Q635
State which of the following ones is a transactional product.
A.
Bank Deposit
AnswerB.
Life Insurance
C.
Shares in stock market
D.
Bonds and debentures
Answer: Option A
Solution
Answer: Option A
Solution:
Bank Deposit is a transactional product. Transaction Banking division of a bank typically provides commercial banking products and services for both corporates and financial institutions, including domestic and cross-border payments, risk mitigation, international trade finance as well as trust, agency, depositary, custody and related services.