Understanding Passbook

What is the primary purpose of a passbook?

• To serve as a personal diary

• To track fitness activities

• To store digital photos

• To record transactions in a bank account

Which of the following is NOT a feature of a passbook?

• Recording deposits and withdrawals

• Tracking stock market investments

• Providing transaction history

• Showing account balance

How often should a passbook be updated?

• Only when opening a new account

• Every time a transaction occurs

• Once a year

• Whenever the bank requests

What information is typically found in a passbook?

• Personal health records

• Social media posts

• Travel itineraries

• Bank account transactions

Why might someone prefer using a passbook over digital banking?

• It allows for online shopping

• It offers higher interest rates

• It provides a physical record of transactions

• It is more environmentally friendly