Tell some Banking products upto your knowledge?

Question

Accepted Answer

Banking products include savings accounts, loans, credit cards, and insurance.

Savings accounts: allow customers to deposit and withdraw money while earning interest
Loans: provide customers with a sum of money that must be repaid with interest over time
Credit cards: allow customers to make purchases on credit and pay back the balance over time
Insurance: protects customers from financial loss due to unforeseen events such as accidents, illness, or death

Accepted Answer

Banking products include savings accounts, loans, credit cards, and insurance.

Savings accounts: allow customers to deposit and withdraw money while earning interest

Loans: provide customers with a sum of money that must be repaid with interest over time

Credit cards: allow customers to make purchases on credit and pay back the balance over time

Insurance: protects customers from financial loss due to unforeseen events such as accidents, illness, or death.

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