State which of the following ones is a transactional product.

A. Bank Deposit

B. Life Insurance

C. Shares in stock market

D. Bonds and debentures

Answer: Option A

Solution(By Examveda Team)

Bank Deposit is a transactional product. Transaction Banking division of a bank typically provides commercial banking products and services for both corporates and financial institutions, including domestic and cross-border payments, risk mitigation, international trade finance as well as trust, agency, depositary, custody and related services.