Commercial Applications
The …………… is an extract or copy of the customer's account in the bank's ledger as on a particular date.
- Passbook
- Pay-in-slip book
- Cheque book
- Withdrawal form
Answer
Passbook
Reason — The Pass Book is an extract or copy of the customer's account in the bank's ledger as on a particular date. The bank clerk records all transactions made by the customer in the pass book — all deposits, withdrawals and the balance on the specific date. Its purpose is to acquaint the customer periodically with the details of his bank account.
Related Questions
A bank is a …………… which collects money from the public in the form of deposits and lends the same to the borrowers.
- company
- Reserve bank
- government organisation
- Lender of the last resort
ATM means:
- Any Time Money
- Amount Transaction Message
- Auto Transfer Money
- Automated Teller Machine
Central bank is the sole …………… of the country's foreign currency reserve.
- Dealer
- Consumer
- Custodian
- User
…………… is not a legal tender and the creditor may refuse to accept it.
- Bank Draft
- Cheque
- Overdraft
- Cash