alleryFor an ordinary deposit, the banker-customer relationship is:
ADebtor and creditor
BAgent and principal
CTrustee and beneficiary
DBailor and bailee
Answer & Solution
Correct answer: A. Debtor and creditor
1. The question asks: For an ordinary deposit, the banker-customer relationship is.
2. Correct answer: Debtor and creditor.
3. On a deposit the bank is the debtor and the customer the creditor.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Banker-Customer_
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