exit ticket: what are the different types of accounts and financial products offered by banking institutions?
exit ticket: what are the different types of accounts and financial products offered by banking institutions?
Answer
Brief Explanations:
Banking institutions offer various types of accounts like savings accounts (for depositing and earning interest), checking accounts (for daily transactions), and money - market accounts (higher interest with some restrictions). Financial products include certificates of deposit (CDs, for fixed - term savings with higher interest), loans (such as mortgages, personal loans), and credit cards (for borrowing and making purchases).
Answer:
Types of accounts: Savings accounts, checking accounts, money - market accounts. Financial products: Certificates of deposit, loans, credit cards.