Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
Answer:
A) Pension services
Explanation:
Banks provides many services to their customers. One such functions or offers of the bank to the customer is the "banker's acceptances".
The banker's acceptances may be defined as the promise of the bank or an instrument of an bank representing a future payment promise to the customer by the bank. The bank receives the payment from the customer and guarantees a draft time that is to be drawn made on the deposit.
One of the banker's acceptance to the customer is the pension services where the customer deposits some amount of money in the bank at regular interval and the bank promises to return back the money to the customer as a lump sump amount along with some interest after a draft time.
We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.
