ive got a big project and my question is : for each of the accounts listed bellow you must explain: what the account will be used for; whether you would earn or pay intrest on that account, and approximatelly what is the current intrest rate on that sort of account.; what are some of the advantages of having that account.; what sort of fees or charges their may be on that account.; and what might be some of the disadvantages of that account.
TYPES OF ACCOUNT
cheque/ current account
savings account
fixed deposit or 32-day notice account
credit card account
mortage/ homloan account
asset finance or leasing account
thanks i really appreciate it.
Answer:
Sounds like a homework question! If you don't know the differences, you really need to hit the books!
Search the Internet
http://www.bankrate.com has some good examples.
QUICK! Do your own homework!
these are self explanatory
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