Here are some MCQs on Bank Deposits
1. Which of the following is not a type of bank deposit?
a) Savings account
b) Current account
c) Term deposit
d) Credit card deposit
2. Which type of bank deposit allows for immediate withdrawal of funds?
a) Savings account
b) Fixed deposit
c) Current account
d) Recurring deposit
3. Which of the following is an advantage of a fixed deposit?
a) High liquidity
b) Attractive interest rates
c) No minimum deposit requirements
d) Easy access to funds
4. What is the maximum insurance coverage provided by the Federal Deposit Insurance Corporation (FDIC) for bank deposits in the United States?
a) $10,000
b) $50,000
c) $100,000
d) $250,000
5. Which type of bank deposit typically offers the highest interest rates?
a) Saving account
b) Current account
c) Certificate of deposit
d) Recurring deposit
