The effective interest rate on a bank account will be lower than the quoted per annum nominal rate.
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Q1: There are many types of bank accounts
Q3: The main advantage of 'at call' accounts
Q4: Bank accounts are capital stable investments.
Q5: 'The majors' are the four largest Australian-owned
Q6: Term deposits are illiquid because the funds
Q7: An NCD is a wholesale-sized deposit that
Q8: A $1000 deposit at 5% p.a.with daily
Q9: The main advantage of savings accounts is
Q10: 'The majors' are retail banks only and
Q11: Intermediation implies that banks only earn net
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