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Match each bank service to its meaning

Exercise and reference answers

Matching pairs
  1. Left
    Discounting
    Right
    Pays cash on a note before its due date
  2. Left
    Overdraft
    Right
    Lets a good customer pay beyond the balance
  3. Left
    Term loan
    Right
    Lends for a fixed period such as a year
  4. 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_
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