Match each bank service to its meaning
Exercise and reference answers
- Matching pairs
- Left
- Discounting
- Right
- Pays cash on a note before its due date
- Left
- Overdraft
- Right
- Lets a good customer pay beyond the balance
- Left
- Term loan
- Right
- Lends for a fixed period such as a year
- Left
- Deposit
- Right
- Holds money the customer may withdraw
- Instructions
- Tap a service on the left, then tap what the bank does.
Explanation
_Source: ICAI CA Foundation Accounting Ch3 Bank Reconciliation, 1. INTRODUCTION_