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    Question

    How many consecutive years of no customer-initiated

    transactions classify an account as inoperative?
    A 1 year Correct Answer Incorrect Answer
    B 2 years Correct Answer Incorrect Answer
    C 3 years Correct Answer Incorrect Answer
    D 4 years Correct Answer Incorrect Answer
    E 5 years Correct Answer Incorrect Answer

    Solution

    An inoperative account is defined as an account that has not experienced any customer-initiated transactions (whether debit or credit) for a continuous two-year period, with transactions like interest credited by the bank or service charges imposed by the bank being excluded from this criterion.

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