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
Correct Answer: Bank Deposit
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.