Bank Interview Questions

The Internal Rate of Return (IRR) is defined as the measure of an investment’s rate of return. It is also called the discounted cash flow rate of return.

Paying off your credit card bill most impacts your credit score.

Bank credit balance meant that the banker is laible to paid us.

And if we have a credit balance accouding to bank statement is mean we have " cash at bank" and in our book we show in the assets side but bank show laiblities side.

Hence, The credit balance in the bank account is the amiunt we have in our account and we are eligible to withdraw that.

APR means Annual Percentage Rate. Creditcards apr can be increased when you missed credit card payments.

If the price of a product rises, the demand for the substitute product increases.

A debit can signify an increase in asset, an expense, and the owner's drawings. A debit can also signify a decrease in a liability, revenues and owner's equity.