Frank Solutions for Class 10 Maths Chapter 3 Banking - Download Free PDF with Solution
FAQs on Frank Solutions for Class 10 Maths Chapter 3 Banking - PDF
1. What is a bank?
A bank is a financial institution that offers financial instruments to customers for various purposes. It offers wealth management services to the customers.
2. What is a deposit?
A bank deposit is a saving product designed for the customers to hold a specific amount in a bank for a particular time period.
3. What is a withdrawal?
The action of taking out money from a bank account at the request of the account holder is called a withdrawal.
4. What is a chequebook?
A book made of blank cheques is called a cheque book. It is issued in the name of an account holder in a bank. A cheque can be issued by the customer with the amount specifications.
5. What is compound interest?
The calculation of interest on a principal amount using a compounding formula is called compound interest.