QuestionAugust 7, 2025

What is one criteria for assuring that interest on deposits is non -preferential? It must be comparable to what is offered to customers with similar accounts It should align to the interest rate the Insider has been offered by another bank It must not be compounded daily It must be flexible and follow the market

What is one criteria for assuring that interest on deposits is non -preferential? It must be comparable to what is offered to customers with similar accounts It should align to the interest rate the Insider has been offered by another bank It must not be compounded daily It must be flexible and follow the market
What is one criteria for assuring that interest on deposits is non -preferential?
It must be comparable to what is offered to customers with similar accounts
It should align to the interest rate the Insider has been offered by another
bank
It must not be compounded daily
It must be flexible and follow the market

Solution
4.0(357 votes)

Answer

It must be comparable to what is offered to customers with similar accounts Explanation 1. Identify the correct criteria The criteria for assuring that interest on deposits is non-preferential is that it must be comparable to what is offered to customers with similar accounts. This ensures fairness and consistency in interest rates across similar account types.

Explanation

1. Identify the correct criteria<br /> The criteria for assuring that interest on deposits is non-preferential is that it must be comparable to what is offered to customers with similar accounts. This ensures fairness and consistency in interest rates across similar account types.
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