📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      How many consecutive years of no customer-initiated

      transactions classify an account as inoperative?
      A 1 year Correct Answer Incorrect Answer
      B 2 years Correct Answer Incorrect Answer
      C 3 years Correct Answer Incorrect Answer
      D 4 years Correct Answer Incorrect Answer
      E 5 years Correct Answer Incorrect Answer

      Solution

      An inoperative account is defined as an account that has not experienced any customer-initiated transactions (whether debit or credit) for a continuous two-year period, with transactions like interest credited by the bank or service charges imposed by the bank being excluded from this criterion.

      Practice Next
      ask-question