Q404
Which among the following can be categorised under transactional products?
A.
Bank deposits
AnswerB.
Life insurance
C.
Shares
D.
Bonds
Answer: Option A
Solution
Answer: Option A
Solution:
Bank deposits can be categorised under transactional products. 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.