Which among the following can be categorised under transactional products?
A
Bank deposits
B
Life insurance
C
Shares
D
Bonds
Correct Answer: Bank deposits
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.