Which among the following can be categorised under transactional products?

A. Bank deposits

B. Life insurance

C. Shares

D. Bonds

Answer: Option A

Solution(By Examveda Team)

Bank deposits can be categorised under transactional products. 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.