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Commercial Banks and Their Functions

Which of the ...

Question

Which of the following carries the details of customers who hold an account in a bank?

A

Cheque book

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B

Credit card

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C

Debit card

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D

Passbook

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Solution

The correct option is D Passbook
Every deposit or withdrawal transaction is recorded in the passbook. A passbook is issued to a customer by the bank and contains the customer's account number and other basic details. All transactions are recorded in the passbook to ensure accountability for all the transactions customers make.

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