Ask Question
11 June, 15:45

Which financial transaction represents money paid to a customer for keeping her money in a savings account and not withdrawing that money for a certain time period? loan interest ATM fee overdraft fee

+5
Answers (1)
  1. 11 June, 16:08
    0
    Interest

    Step-by-step explanation:

    Savings account is a type of a facility given by the banks where a customer that is an account holder can deposit money in the form of savings.

    The account holder can deposit money in the savings account as many number of times in a month but can withdraw only six times a month.

    Banks provide interest either compounded annually, monthly or quarterly on the amount left in the savings account of the holder by insisting the account holders not to withdraw their money from their savings account for a certain period of time.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which financial transaction represents money paid to a customer for keeping her money in a savings account and not withdrawing that money ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers